Nubank Alum’s Palomma Raises $14M to Simplify Rent Payments for Colombia Landlords and Tenants
Palomma, a Medellín startup founded by a Nubank veteran, just closed a $10 million Series A round that brings its total funding to $14 million.
The round was led by Mexican firm Cometa and included backers such as Volpe Capital, Clocktower Technology Ventures, and Y Combinator.
Property Managers Unlock Scale in Fragmented Markets
Palomma combines AI leasing tools with rent collection and financing products that reach tenants and landlords through property managers.
This channel approach lets the company gather payment data that improves underwriting for rental guarantees and advances.
Small landlords gain faster access to upfront cash while tenants receive rewards and flexible payment options.
Competitors offering only one service may lose ground as integrated platforms capture more of the customer relationship over time.
Twelve-Month Outlook Points to Steady Colombia Focus
Palomma plans to stay focused on winning Colombia before expanding into Mexico or Brazil.
Its net revenue retention of 390 percent after twelve months shows existing customers quickly adopt more products.
With only eighteen employees the company already processes $130 million in monthly rent volume across more than 200,000 tenants.
Historical patterns from Nubank’s Colombia entry suggest that strong local execution can create durable data advantages in Latin American fintech.
Founders and operators elsewhere should watch how AI automates customer service and risk decisions in real estate finance.
