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INTERNET | Internet Software & Services / Accounting & Finance
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Founded Year

2021

Stage

Series A | Alive

Total Raised

$45M

Last Raised

$35M | 1 mo ago

About Pomelo

Pomelo is building a fintech-as-a-service platform for Latin America. The company's infrastructure aims to allow fintechs and embedded finance players to launch virtual accounts and issue prepaid and credit cads via "compliant" onboarding processes.

Pomelo Headquarter Location

Buenos Aires,

Argentina

Latest Pomelo News

Pomelo Pay extols the virtue of QR codes

Nov 24, 2021

UKHotViews London and Singapore-based, Pomelo Pay, has secured a cash injection of $10.1m as it looks to further develop its QR code payments proposition. The Series A round was led by Inference Partners and the fintech plans to use the funds to support its global expansion. Pomelo Pay facilitates payments via a QR code using NFC and API interfaces. In APAC, and China in particular, the use of QR code payments is commonplace and is rapidly replacing the last bastions of cash in society. Street vendors and local Chinese markets routinely accept QR code payments, whilst even some homeless people use QR codes to receive donations. Founded in 2017 by Australian accountant, Vincent Choi, Pomelo Pay previously benefitted from a £2.1m seed round in December 2020 (see: Pomelo Pay bags the cash for QR code payments push ). The fintech has also been selected to participate in Tech Nation’s Fintech 3.0 growth programme. Whilst the payments space is increasingly crowded, Pomelo Pay's focus on an alternative approach that is, as yet, largely untapped in the West is a intriguing play. It will be interesting to see how the fintech's global footprint develops.

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Research containing Pomelo

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CB Insights Intelligence Analysts have mentioned Pomelo in 2 CB Insights research briefs, most recently on Oct 25, 2021.

Expert Collections containing Pomelo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Pomelo is included in 1 Expert Collection, including Fintech.

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