Overview
- The round was co-led by Kaszek and Insight Partners, with participation from Index Ventures, Adams Street Partners, S32, Endeavor Catalyst, monashees and TQ Ventures.
- With the new capital, total funding since Pomelo’s 2021 founding reaches $160 million.
- The company plans to expand beyond card issuance and processing into tokenization services, AI-driven chargeback management and a proposed stablecoin-native global card.
- Pomelo says it now serves more than 150 corporate clients across most of Latin America, naming Santander, BBVA, Bancolombia, Western Union and Rappi among them.
- Management reports revenue growth above 250% over the past two years as Pomelo processes payments directly with Mastercard and Visa in a more selective financing market for fintechs.