Medellín Based Fintech Raises US$14 Million to Bring AI and Financial Services to the Real Estate Sector

Palomma is an artificial intelligence platform that processes US$1.5 billion in rental payments annually.

Founded in Medellín, Palomma, an artificial intelligence and financial services platform for the real estate sector in Latin America, announced that it has raised US$14 million across its pre-Series A and Series A funding rounds. In just 18 months, it has become Colombia’s largest rental collection fintech. The new funding will support the development of financial products and its international expansion, with an offering that combines artificial intelligence, payments and financial services for real estate agencies, property owners and tenants.

The company aims to modernise the operations and financial services of an industry worth billions of dollars that still relies on manual and inefficient processes. For tenants, finding a home and securing rental approval can involve long waiting times, excessive paperwork and multiple guarantees. Furthermore, despite rent being the largest household expense, there are few alternatives for financing rent payments, earning benefits from paying rent or building a credit history.

Real estate agencies, meanwhile, devote significant resources to operational tasks such as collecting and distributing payments, while property owners face difficulties accessing financing and protecting their income against payment defaults.

“In Colombia, rent typically accounts for 30% or more of a family’s income, and we believe an expense of this magnitude deserves better financial solutions. We are leveraging artificial intelligence to simplify rental processes and develop financial solutions that make life easier for tenants, real estate agencies and property owners,” said Medellín-born entrepreneur Cipriano Echavarría, co-founder and CEO of Palomma. He added: “In a market where the customer experience has barely evolved in recent decades, our long-term vision is to become the AI-native bank for the real estate sector.”

From Medellín to the World

The announcement comes at a time of growth for Medellín’s startup ecosystem. According to the District’s Science, Technology and Innovation (STI) ecosystem overview prepared by Ruta N, startups in the city have raised US$216 million in venture capital so far in 2026, 38% more than in all of 2025. Founded in Medellín, Palomma is part of this ecosystem, and the latest funding round strengthens its international ambitions.

“Medellín offers an increasingly well-established environment for creating and growing technology-based companies. According to StartupBlink, the city ranks sixth in Latin America and has recorded the fastest growth among the top-ranked cities. For Palomma, being founded here is a source of pride and an opportunity to contribute to Medellín’s entrepreneurial ecosystem,” said Carolina Londoño, Executive Director of Ruta N.

For Cristina Zambrano, Executive Director of ACI Medellín, “This funding milestone reflects growing international business confidence in Medellín as an attractive destination for investment, innovation and business development. The results speak for themselves: between 2008 and 2026, the city has certified 425 investment projects, representing USD 4.6 billion and more than 48,500 reported jobs. In 2026, technology has become one of the main drivers of this momentum. Of the 18 projects certified so far this year, totalling USD 541.39 million in investment and 4,812 jobs, nine involve technology services companies. These initiatives have mobilised USD 6.39 million in investment and created 387 skilled jobs, strengthening Medellín’s position as a hub for innovation, talent and development in Latin America.”

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