Palenca
PrivateLast Round
Strategic
Apr 1, 2024
Total Funding Raised
$2.73M
Company Overview
Palenca is a financial technology company that provides a payroll and employment data API for Latin America. Described as 'Plaid for Payroll' in the region, the company enables businesses to access user-permissioned employment records to verify income, identity, and employment status. This service is utilized by financial institutions and fintechs for loan underwriting, background checks, and to offer customized financial products. Founded in 2021 by former Uber employees José Carlos Aguilar, Pierre Delarroqua, and Antoine Nguyen, Palenca aims to expand financial inclusion for over 300 million workers in Latin America. The company is backed by prominent investors including Y Combinator, Experian, and 500 Global.
Sector
FinTech
Verticals
Lending & Credit, Credit Scoring, Financial Data, Data Integration, API Management
Business Model
B2B
Customer Profile
Usage-Based SaaS, Subscription SaaS, Freemium
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Palenca Comps
Public and private peers based on sector, stage, and business model.
Palenca Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Strategic | Apr 1, 2024 | ||||
| Seed | Jan 19, 2022 | ||||
| Accelerator | Aug 8, 2021 |
Key People
Founding team and executive leadership
Palenca Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Kima Ventures | Seed |
| Gilgamesh Ventures | Seed |
| Experian Ventures | Strategic |
| 500 Global | Seed |
| Karman Ventures | Seed |
| Uncommon Capital | Seed |
| Y Combinator | Accelerator, Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Mar 30, 2025
Added Creditea, a fintech company, as a customer.
- Mar 30, 2025
Added AT&T, a telecommunications company, as a customer.
Palenca Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Palenca's valuation, stock price, and market status.
