Nubank alum raises $14M to build Colombia's go-to landlord and tenant finance platform

Palomma, a Colombian fintech startup founded by ex-Nubank employee Cipriano Echavarría, has secured $14 million in total funding to expand its financial services platform for the rental market. The company provides property management software and a payments system that processes about $130 million in monthly rental payments, serving over 200,000 tenants through 500+ property managers in Colombia.

This funding round, led by Mexican venture firm Cometa, will fuel Palomma's growth within Colombia while developing additional AI and financial products for landlords and tenants. The company is eyeing expansion into Mexico, Brazil, and Spanish-speaking U.S. markets, but remains focused on dominating its home country first. Palomma represents how Latin American fintechs are increasingly targeting specialized financial gaps—like rental payments and landlord financing—with integrated software solutions.