Mexican startup Palenca raises $4 million
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Mexico is one of the Latin American countries that has invested the most in developing financial solutions. Neobanks, fintechs, sofomes, and traditional banks are all competing for customers. However, credit continues to go to the same people as always. The problem isn’t the supply of credit, but the lack of reliable income data needed to lend to more people.
That is the gap Palenca, an income verification startup for financial institutions, aims to close. A few days ago, the startup closed a
That is the gap Palenca, an income verification startup for financial institutions, aims to close. A few days ago, the startup closed a
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