Palomma Raises $10M Series A for Colombia Rent Finance

Property managers gave Palomma a reason to specialize. The Medellín company's founders had entered Y Combinator building account-to-account payments, then found customers asking for help collecting rent. Following that request brought the business closer to the people deciding how landlords get paid and how tenants move into a home.

Palomma disclosed a $10M Series A led by Cometa on November 11, 2026. The financing brings total disclosed funding to $14M, including $4M raised earlier and previously unannounced, according to co-founder and CEO Cipriano Echavarría. The capital will support growth in Colombia and further AI and financial products as the company evaluates additional markets.

For property operators, the significance sits in how those products reach the customer. Leasing software, rent collection, financing and rental guarantees can enter through an agency already responsible for the relationship. Palomma is expanding the financial work that relationship can carry, giving its investors a proposition that starts well before a borrower fills out an application.

Cometa backs a business built around property managers

Cometa's own investment statement emphasizes the connection between operating workflows, payments and proprietary transaction data. The firm says Palomma serves more than 500 real estate companies and more than 200,000 rent-paying tenants, processing over $1.5B in annualized rental volume. Those are company and investor statements about money moving through the system, rather than audited revenue or a disclosed lending portfolio.

Volpe Capital, Clocktower Technology Ventures, Tekton Ventures, Simma Capital and Yango Ventures participated in the financing. Returning investors include Y Combinator, 17Sigma, Nido Ventures and Norte Ventures. Keeping the $10M new round separate from the $14M cumulative disclosure matters here: the larger figure includes capital already raised, rather than another $14M arriving with the Series A.

The company's founders bring different experience to that assignment. Echavarría worked at Morgan Stanley and Nubank; CTO Felipe Monsalve and co-founder Nicolás Gómez del Campo supply the technical leadership. Y Combinator's founder directory identifies all 3 and places Palomma in its Winter 2023 batch. The move into rent gives their payments work a recurring setting, with the same manager coordinating money and information across many properties.

Rent collection opens a wider financial conversation

Palomma Pay handles collections, reconciliation and distributions, including payments associated with property administration and utilities. Its product page also describes automated WhatsApp collection messages and real-time portfolio information. For an agency, those capabilities address work that repeats as new tenants arrive, existing tenants pay and owners expect their transfers.

The surrounding Palomma AI offering includes responding to leasing inquiries, profiling prospects, scheduling visits and following up. Other agents address service requests, maintenance and treasury tasks. Bringing these activities together can give the agency fewer separate handoffs to coordinate, although a product description alone cannot establish the savings a particular customer will realize.

The commercial opportunity grows out of being present for that work. A property manager selecting collection software also maintains relationships with owners and tenants who may need different financial products. Palomma can introduce those products through an existing operating channel, while using the payment history its platform records to inform decisions. That helps explain why an investor would value the connection between the workflow and the money passing through it.

For buyers comparing an integrated provider with separate tools, the useful questions become specific. Which tasks move into the platform, who still handles an exception, and what information reaches the person responsible for the account? A rental business experiences the answers through its staff, owners and tenants each month.

Financing changes the responsibility attached to the data

The current Palomma Advance product page offers landlords access to up to 6 net rent payments through partner agencies using Palomma Pay, subject to approval. The published terms connect repayment to rental flows and make disbursement conditional on approval and completed documentation. For an owner considering liquidity, the amount, eligibility and contract remain part of the decision alongside the convenience of applying through an existing agency.

Palomma Protect is a rental-bond offering connected to the agency's collections operation. Its page describes using payment histories and credit-bureau information, with missed-payment notices linked to collections. That connection can make information about a contract available within the same workflow as the financial protection attached to it.

Processing rent and accepting exposure to unpaid rent create different obligations. In the original Crunchbase interview, Echavarría described Palomma initially bearing guarantee risk while working toward an insurer partnership. The report did not establish that a risk-sharing agreement had been completed. That distinction belongs alongside the product discussion because an owner's protection ultimately depends on the arrangements supporting the promise.

A payment history offers context about a household or property, while a guarantee commits someone to act when that history changes. As Palomma adds financial products, its operating relationship with the agency carries both the information needed for a decision and the consequences of making it.

Colombia gives the broader product strategy somewhere to develop

Palomma's published product range includes rewards through Plus and a planned Flex service that would divide a rent payment into 2 monthly installments. The company's current site labels Flex as coming soon. A landlord's need for liquidity and a tenant's payment schedule therefore sit within one product strategy, with availability differing across the range.

The expansion agenda remains centered on Colombia. The company told Crunchbase it was considering Mexico, Brazil and the Spanish-speaking US market, while prioritizing its existing country. Those markets are possibilities being evaluated, rather than a confirmed operating footprint. Expanding through agencies in another country would bring new customer relationships and local financial arrangements to establish.

Palomma describes its ambition as an AI-native bank for real estate. That is the company's strategic framing; the materials reviewed do not establish a banking license. Its present offerings give a more concrete account of the business: agency software, payments, rewards, financing and rental guarantees, each with its own customer purpose and conditions.

An owner applying for an advance will still need an answer about how much can be borrowed and how the repayments reach the account. Palomma is placing that conversation beside the agency's existing record of rent collection. As more owners use the financial products, the manager will have a longer relationship to maintain after each month's rent arrives.