Palm

About

Palm Finance, Inc. is a US-based company specializing in business identity management, offering tools that integrate verified business data across multiple platforms for enhanced compliance and onboarding processes.Founded in 2023 and headquartered in San Francisco, US, Palm Finance, Inc. focuses on providing business identity management solutions. The company has engaged in one total deal as of April 2026. The firm aims to streamline verification processes for its clients, which include banks and regulatory agencies.Palm offers a sophisticated suite of products designed to streamline business identity management through a unified identity fabric that connects various platforms to verified business data across multiple jurisdictions. Their core offerings include an API that facilitates the sharing of verified business identities, enabling seamless onboarding and compliance management for industries such as banking, fintech, and insurance. These services are particularly beneficial for agencies requiring access to verified business data for licensing and compliance, as well as industry-specific platforms that need to onboard business customers efficiently. The company's solutions have been implemented in diverse geographical markets, including North America, Europe, and parts of Asia, catering to a broad client base comprising banks, lenders, and regulatory agencies. With the emphasis on continuous compliance and real-time reporting, Palm's products are structured to address the challenges of fragmented verification processes in today’s digital economy.Palm generates revenue through a subscription-based model, where clients pay for access to their comprehensive suite of identity management services. Transactions are structured around partnerships with financial institutions, regulatory agencies, and businesses needing verified data for operations such as underwriting, licensing, and compliance. This includes a direct relationship with clients who utilize Palm's APIs for document submission, management, and reporting. The firm’s flagship services, including their identity verification and compliance tools, form the backbone of their revenue model, ensuring that clients can efficiently onboard and manage their customer data. These transactions reinforce the company's position in a market that demands accuracy and reliability in business identity management.In April 2026, Palm raised an undisclosed amount of venture funding from new investor American Express Ventures. The company will use the funding to support product development, enhance partner integrations, and expand its API-driven business identity network. Palm is also focusing on launching new products aimed at improving business identity management solutions and is planning to expand its operations in new geographic markets, although specific regions and product release dates have not been disclosed.