Palenca provides income-verification services and data products aimed at giving financial institutions reliable visibility into borrowers' earnings, including informal sources. The company processes income verifications at scale—nearly 5 million in 2025—and projects about 20 million verifications this year. Palenca's tools are designed to expand credit access and improve risk decisioning by supplying new layers of verified income data. The startup plans to develop additional data products, broaden the types of income it validates, and enhance predictive models with AI. Leadership includes CEO and co-founder José Carlos Aguilar. The company raised $4 million in a round led by Experian with participation from Foundation Capital, Gilgamesh Ventures and Dhow Ventures.

Total raised

$7M

Funding rounds

3

Latest round

Equity

Latest activity

May 2026