Palenca Analysis: $3M Raised
What is Palenca?
Palenca is a fintech company that validates income and employment information to enhance risk assessment for financial institutions in Latin America.
Employees
25
Founded
2021
Revenue
$3.8-4.2M
Business Model
API-based model charging clients for employment and income verification services.
Investors
- Experian Ventures
- Serasa Experian
Product Features & Capabilities
- Widget, Console, API, validation of income and employment information, integration with financial institutions, coverage of over 50 million workers, no-code implementation, customizable branding, real-time visibility of employment status.
Pricing
- Launch Plan: $2.00 per transaction
- Scale Plan: $500.00 per month
- Free Plan: Available with limited features
How much Palenca raised
Seed - $2.6 million
February 15, 2023Lead Investor: Y Combinator, Experian Ventures
Who are the founders of Palenca
JC
José Carlos Aguilar
Co-founder & Co-CEO
PD
Pierre Delarroqua
Co-founder & Co-CEO
AN
Antoine Nguyen Hong Duc
Founder
Market Focus
Palenca primarily focuses on the fintech industry, specifically providing solutions for validating income and employment information to assist financial institutions in Latin America with their risk assessment models.
Competitors Overview
Palenca operates in the fintech sector, focusing on income and employment verification solutions for financial institutions in Latin America. Its main competitors include:
- Truework: Specializes in customizable income and employment verification solutions, primarily targeting mortgage lending
See something that needs updating? Suggest edits to this profile.