Palenca
Palenca, formerly known as Vech, is a B2B infrastructure company based in Mexico City, offering a Payroll API that serves major clients like Kavak and Lalamove across Latin America.
Company History
Palenca, formerly known as 'Vech', is a company based in Mexico City, CDMX, Mexico. Palenca is a participant of the Y-Combinator batch S21 and operates within the B2B infrastructure sub-industry.
Services
Palenca provides a Payroll API designed for Latin America. This API allows workers to share their employment records and enables businesses to use these records for background checks and financial services. Key solutions offered by Palenca include a Widget, Console, and API, which assist businesses in reducing verification costs by 80% and achieving an 83% accuracy rate. Additionally, Palenca supports integration of multiple income sources for a comprehensive user information view.
Regions Served
Palenca operates in multiple regions including Mexico, Latin America, Remote, and Partly Remote areas. The company covers over 50 million workers across Latin America, including key markets in Brazil, Mexico, and Colombia.
Clientele and Partnerships
Palenca serves notable unicorn companies such as Kavak and Lalamove. The company has conducted over 2 million validations through its connections to more than 120 employer platforms. Palenca's solutions are customizable to fit a business’s brand, aimed at increasing conversions and ensuring client satisfaction. The company collaborates with leading partners to deliver dual innovation through a single integration.
