Palomma

Palomma, previously named Pagaa, operates from Medellín, Antioquia, Colombia, and is part of the fintech industry. As a participant in the Y-Combinator W23 batch, the company has garnered support from prominent global investors. With a team of three, Palomma focuses on both the collection and dispersion of payments, handling transaction volumes ranging from 0 to over 500,000. The company offers a developer-friendly API that integrates with multiple payment gateways, enhancing online payment processes by ensuring high acceptance rates and lowering processing costs. Palomma’s services are designed to support automatic debits for various sectors including credit companies, real estate, and more, and it provides a specialized portal for managing these payments. The platform facilitates immediate and scheduled payment disbursements to any bank account 24/7, and plans to expand its services to other countries in the region. Additionally, Palomma enhances customer payment experiences by enabling direct bank payments at checkout and automates payment reminders through WhatsApp, email, or SMS to prevent defaults. The company’s commitment to modern, efficient payment solutions is evident in its continuous efforts to innovate and expand its services across Latin America.