# Palomma

> Palomma is a Medellin-based fintech building an AI-native banking platform for real estate in Latin America, starting with rent. It deploys AI agents that handle leasing, sales, and collections for property managers across WhatsApp, SMS, and phone calls 24/7, then layers on payment collection and disbursement to own the flow of rent and monetize it through credit and insurance products. Founded in the Y Combinator Winter 2023 batch, the company originally launched as a frictionless Pay-by-Bank API for LatAm merchants before pivoting to real estate.

- **Founded:** 2023
- **Headquarters:** Medellin, Colombia
- **Founders:** Cipriano Echavarria (Co-Founder & CEO), Nicolas Gomez del Campo (Co-Founder & CTO), Felipe Monsalve (Co-Founder & CTO)
- **Team size:** ~8-17 employees
- **Products:** Palomma AI, Palomma Pay, Palomma Plus, Palomma Protect, Palomma Advance
- **Notable:** Selected for Y Combinator Winter 2023 batch, Named one of Colombia's 'Top 10 Promesas' in tech by KPMG Colombia, Grew to 500+ real estate companies on the platform

## Products & services

- **Palomma AI** — 24/7 AI agents that handle inbound leasing, outbound sales, and collections for property managers across WhatsApp, SMS, and phone calls.
- **Palomma Pay** — Automated rent collection, disbursement, and treasury management for real estate operators.
- **Palomma Plus** — Rewards, discounts, and monthly raffles for tenants who pay through Palomma Pay.
- **Palomma Protect** — Tenant payment-default insurance for landlords (announced, coming soon).
- **Palomma Advance** — Up to 12 months of rent advanced to landlords, processed digitally within 24 hours (announced, coming soon).
- **Palomma Flex** — Lets tenants split monthly rent into two installments (announced, coming soon).
- **Pay by Bank API (legacy)** — The company's original product: a single API letting LatAm merchants accept frictionless account-to-account bank payments as an alternative to card fees.

## Achievements

- Selected for Y Combinator Winter 2023 batch
- Named one of Colombia's 'Top 10 Promesas' in tech by KPMG Colombia
- Grew to 500+ real estate companies on the platform
- Founding team drawn from Morgan Stanley, Nubank, JP Morgan, and MIT

## Latest updates

- **2023-04** — Launched publicly out of Y Combinator W23 as a frictionless Pay-by-Bank platform for LatAm merchants.
- **2024** — Pivoted to real estate, launching AI agents (Palomma AI) plus Palomma Pay for rent collection and disbursement.
- **2025** — Announced financial products - Protect (default insurance), Advance (rent advances), and Flex (rent installments) - to monetize the rent flow.

## Links

- Website: https://palomma.com
- LinkedIn: https://www.linkedin.com/company/palomma
- Twitter/X: https://twitter.com/ciprianoec11

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Profile page: https://yespress.io/palomma-yc-w23
Published by YesPress — https://yespress.io
Last updated: 2026-07-30