About Pomelo
Pomelo is a company based in San Francisco (United States) founded in 2019 by Eric Velasquez Frenkiel was acquired by Zepz in February 2026. Pomelo has raised $60 million across 4 funding rounds from investors including A*, Keith Rabois and Kevin Hartz. Pomelo offers products and services including Money Transfer and Pomelo Mastercard. Pomelo operates in a competitive market with competitors including MoneyGram, Skrill, TNG Wallet, RD Technologies and Foris, among others.
- Headquarter San Francisco, United States
- Founders Eric Velasquez Frenkiel
- SectorsFinancial Services
- Email••••••••
- Website pomelo.com
- Social LinkedIn X Facebook Instagram
- Acquired by Zepz (Feb 2026)
- Legal Name Pomelo International, Inc.
Products & Services of Pomelo
Pomelo offers a comprehensive portfolio of products and services, including Money Transfer and Pomelo Mastercard.
Facilitates fee-free international money sending with rewards
Enables transfers, point earning, and credit building
Apps and channels of Pomelo
Pomelo publishes 2 mobile apps with over 10K+ downloads.
Funding Insights of Pomelo
Pomelo has successfully raised a total of $60M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $35 million completed in April 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 $60M
- Total Rounds 4
- Last Round Series A — $35M
- First Round $5M
(Oct 2021)
- Investors Count 10
All 4 funding rounds of Pomelo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $35M | Series A | – | – | |
| Aug 2022 | $50M | Debt – Conventional | – | – | |
| Aug 2022 | $20M | Seed | – | Keith Rabois, Kevin Hartz | |
| Oct 2021 | $5M | Seed | – | Xfund, Afore Capital |
11 investors in total: 8 institutional and 3 angel.
Investors in Pomelo
Pomelo has secured backing from 11 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include A*, Keith Rabois and Kevin Hartz.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed-stage tech investments in US companies are funded. | – | afore.vc | San Francisco, United States | |
Early-stage venture capital funding is provided by Xfund. | – | xfund.com | Cambridge, United States | |
Investment services are provided for maximizing gains over time. | – | vycapital.com | Menlo Park, United States | |
Venture capital investments in technology and defense sectors. | – | foundersfund.com | - | |
Electronic music is produced and performed by The Chainsmokers duo. | – | thechainsmokers.com | New York, United States | |
Official store for The Weeknd's music and merchandise is operated. | – | theweeknd.com | - | |
Early-stage venture capital investments are made in tech startups. | 2020 | a-star.co | San Francisco, United States | |
KR Keith Rabois | Venture capitalist, angel investor, ex-PayPal Mafia, active in Indian startups | – | unknown_fbc62b9ea6134d1fa | - |
KH Kevin Hartz | Co-founder of Eventbrite, angel investor, focused on tech startups | – | unknown_e518d73e77304083b | - |
JB Josh Buckley | CEO of Product Hunt, angel investor, and gaming entrepreneur | – | unknown_a537dfc2289344768 | - |
Investor details for Pomelo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Pomelo
20 people are tracked at Pomelo (9 in leadership, 11 in team).
| Name | Role | Group |
|---|---|---|
Eric Velasquez Frenkiel | Founder & CEO | Leadership |
Ladd Martin | CMO | Leadership |
Alora C | VP of Operations | Leadership |
Sung Hu Kim | Vice President of Product | Leadership |
W. Gene Shaffer-Strathman CRCM, CAMS | Chief Compliance Officer | Leadership |
Louis Yang | CFO | Leadership |
Amy Chen | Vp, Talent Acquisition | Leadership |
Charles Ju | Head Of Growth And Performance | Leadership |
Kevin Choi | CTO | Leadership |
Danielle Crumley | Anti-Financial Crimes Specialist | Team |
Andrew Litwiller | Accounting Manager | Team |
David Schraitle | Software Engineer | Team |
Carvin Singian | Software Engineer | Team |
Isaak Treat | Support & Engineering | Team |
Matt Krepp | Senior Software Engineer | Team |
Jazon Yamamoto | Senior Software Engineer | Team |
Mirza Pasalic | Engineering Manager | Team |
Marcus Lau | Full Stack Engineer II | Team |
Jeff Weng | Senior Software Engineer | Team |
Haley Matthys | Engineering Program Manager | Team |
Complete people profiles for Pomelo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Pomelo
4 dated milestones of Pomelo across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Pomelo is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series A, of $35.0M.
- Exit Acquired by Zepz.
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 MoneyGram, Skrill, TNG Wallet, RD Technologies and Foris, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| skrill.com | 2001 | London, United Kingdom | – | 102 | Online payments and digital wallet services are facilitated internationally. | |
| tngwallet.hk | 2013 | Hong Kong, China | $115M | – | NFC-enabled wallet is provided for consumer payments and transfers. | |
| rd.group | 2020 | Hong Kong, China | $47.8M | – | Cross-border payments are facilitated for businesses via wallet-enabled mobile solutions. | |
| foris.co | 2016 | Hong Kong, China | – | – | Universal multi-currency mobile money accounts with VISA cards are provided. | |
| biyapay.io | 2019 | Hong Kong, China | – | – | A wallet-enabled solution for secure cross-border payments to consumers. | |
| onlinepay.com | 2014 | Shanghai, China | – | – | Provides a mobile-first digital wallet for secure and convenient payments. |
Detailed competitors of Pomelo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Pomelo
The website of Pomelo (pomelo.com) receives about 9K visits a month.
- Monthly visits9K
▼ 22.1% vs previous month
Websites whose visitors overlap most with Pomelo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
websitetrafficreport.com | websitetrafficreport.com | 100% | – | – | – |
info.yahoo.com | info.yahoo.com | 96% | – | – | – |
| paysend.com | 65% | 581.5K | #72,211 | View details | |
| google.com | 61% | 85.8B | #1 | View details | |
topstartups.io | topstartups.io | 56% | – | #196,700 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Pomelo
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 11 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Pomelo
Complete news archive for Pomelo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Pomelo
10 companies that operate in the same segment as Pomelo (Forex Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border remittances are enabled for individuals and businesses via apps. | 2011 | London, United Kingdom | USD 1.03 B | USD 2.71 B | – | |
Cross-border payments are processed for businesses via tools and APIs. | 2015 | Singapore, Singapore | USD 1.9 B | – | 1 | |
Cross-border payroll solutions are provided for global migrant workers. | 2021 | Berlin, Berlin, Germany | USD 38.93 M | – | – | |
Online platform for trading in forex, options, and CFDs | 1992 | Copenhagen, Denmark | USD 548.49 M | – | 1 | |
International payments are enabled online for consumers and businesses. | 2016 | Sao Paulo, Brazil | USD 21.53 M | – | – | |
Online foreign exchange and remittance services are facilitated in India. | 2011 | Gurugram, Haryana, India | USD 5.59 M | USD 1.17 M | 146 | |
An online platform is utilized for trading forex and CFDs. | 1995 | San Francisco, California, United States | USD 117.05 M | USD 317.42 | – | |
Trading in CFDs, forex, cryptocurrencies, and indices is enabled online. | 2008 | London, England, United Kingdom | – | USD 809.63 M | 633 | |
NFC-enabled travel cards and wallets are provided for travelers. | 2018 | Singapore, Singapore | USD 105.5 M | – | – | |
Multi-currency accounts and investment services are provided for global users. | 2022 | London, England, United Kingdom | USD 22.16 M | – | 4 |
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Frequently Asked Questions about Pomelo
Pomelo was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Pomelo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Eric Velasquez Frenkiel is the current CEO of Pomelo. They have also founded this company.
Pomelo is a funded company, having raised a total of $60M across 4 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on Oct 2021.
Online cross-border remittance platform for individuals. It enables users to send and receive money globally using virtual and physical payment cards. It also features send now, and pay later options enabling users to send money internationally on credits, and the receivers are provided with money via the account and payment cards. Application is made available on Android and iOS platforms.
Pomelo's top competitors include MoneyGram, Skrill and TNG Wallet.
Pomelo offers Money Transfer and Pomelo Mastercard.
Pomelo has 11 investors. Key investors include A*, Keith Rabois, Kevin Hartz, Afore Capital, and Xfund.
Pomelo operates through Pomelo International, Inc..
Yes. Pomelo was acquired by Zepz in February 2026.
Yes. Pomelo publishes Pomelo: Send Money and 1 more app, with over 10,000 downloads.