About Pomelo
Pomelo is a company based in Buenos Aires (Argentina) founded in 2021 by Hernan Corral, Juan Fantoni, and Gaston Irigoyen.. Pomelo has raised $103 million across 5 funding rounds from investors including Latitud, FJ Labs and Alter Global. Pomelo offers products and services including Processing and BIN Sponsorship. Pomelo operates in a competitive market with competitors including Prime Trust, AuthBridge, Qplatform, Plunzo and Singular Banking, among others.
- Headquarter Buenos Aires, Argentina
- Founders Hernan Corral, Juan Fantoni, Gaston Irigoyen
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$103 M (USD)
in 5 rounds
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Latest Funding Round
$40 M (USD), Series B
Jan 17, 2024
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Investors
Latitud
& 33 more
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Employee Count
Employee Count
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Products & Services of Pomelo
Pomelo offers a comprehensive portfolio of products and services, including Processing and BIN Sponsorship. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Handles credit, debit, and prepaid card transactions for licensed businesses.
Provides comprehensive card management using Pomelo's licenses.
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Funding Insights of Pomelo
Pomelo has successfully raised a total of $103M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $40.0M
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First Round
First Round
(12 May 2021)
- Investors Count 34
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series B - Pomelo | Valuation | Kaszek | |
| Aug, 2022 | Amount | Series A - Pomelo | Valuation | Alter , Zinal Growth Partners Limited | |
| Oct, 2021 | Amount | Series A - Pomelo | Valuation | Tiger Global Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pomelo
Pomelo has secured backing from 34 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Latitud, FJ Labs and Alter Global. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are directed toward multiple sectors by Kaszek.
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Founded Year | Domain | Location | |
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Sectors like ad tech, food tech, logistics, services are targeted.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pomelo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pomelo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pomelo Comparisons
Competitors of Pomelo
Pomelo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Prime Trust, AuthBridge, Qplatform, Plunzo and Singular Banking, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| domain | founded_year | HQ Location |
Provides open banking API solutions for financial institutions.
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| domain | founded_year | HQ Location |
Offers an open banking API for secure bank account aggregation.
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| domain | founded_year | HQ Location |
Delivers a bank-as-a-service platform for seamless financial operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pomelo
Frequently Asked Questions about Pomelo
When was Pomelo founded?
Pomelo was founded in 2021.
Where is Pomelo located?
Pomelo is headquartered in Buenos Aires, Argentina.
Who is the current CEO of Pomelo?
Gaston Irigoyen is the current CEO of Pomelo. They have also founded this company.
Is Pomelo a funded company?
Pomelo is a funded company, having raised a total of $103M across 5 funding rounds to date. The company's 1st funding round was a Series A of $35M, raised on May 12, 2021.
What does Pomelo do?
Pomelo was founded in 2021 in Buenos Aires, Argentina, within the fintech sector. An open banking platform is operated, through which APIs and dashboards enable fintechs to deliver personalized virtual accounts and cards. Compliance tools are included to support adherence to local KYC regulations. Operations center on facilitating banking services across Latin America.
Who are the top competitors of Pomelo?
Pomelo's top competitors include AuthBridge, Prime Trust and Qplatform.
What products or services does Pomelo offer?
Pomelo offers Processing and BIN Sponsorship.
Who are Pomelo's investors?
Pomelo has 34 investors. Key investors include Latitud, FJ Labs, Alter Global, Kaszek, and Monashees.
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