How much funding has Palenca (Vech) raised?

Palenca (Vech) has raised $3.7M in total funding, most recently a Seed round.

Who are Palenca (Vech)'s investors?

Palenca (Vech)'s investors include Experian Ventures, Y Combinator Continuity Fund, Bossa Invest, 500 Global, Gilgamesh Ventures, Uncommon Capital.

When was Palenca (Vech) founded?

Palenca (Vech) was founded in 2021.

Where is Palenca (Vech) headquartered?

Palenca (Vech) is headquartered in São Paulo, Mexico.

What industry is Palenca (Vech) in?

Palenca (Vech) operates in Fintech, Developer Tools.

How many employees does Palenca (Vech) have?

Palenca (Vech) has 11-50 employees.

Palenca (Vech)

Payroll API for LatAm

São Paulo, Mexico · Founded 2021 · $3.7M raised

Fintech

Developer Tools

Headquarters: São Paulo
Employees: 11–50
Founded: 2021
Business Model: B2B

Website: www.palenca.com
Total Funding: $3.7M
Last Round: $130K SeedApr 2024
Rounds: 3

About

Palenca is a payroll API platform for Latin America that enables workers to share their employment records and allows businesses to access and verify that data. Like Plaid for payroll, Palenca connects to payroll systems across LatAm to power background checks, credit underwriting, and financial services for gig workers and formal employees alike. Companies like Kavak and Lalamove use Palenca to streamline KYC, income verification, and financial product eligibility across Mexico and other LatAm markets.

Summary

Palenca (Vech) is a Fintech company based in São Paulo, Mexico, founded in 2021. It has raised $3.7M in total across 3 rounds, most recently a $130K Seed round in Apr 2024. Investors include Experian Ventures, Y Combinator Continuity Fund and Bossa Invest.