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
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Pomelo International, Inc.
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Products & Services of Pomelo
Pomelo offers a comprehensive portfolio of products and services, including Money Transfer and Pomelo Mastercard. 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.
Facilitates fee-free international money sending with rewards
Enables transfers, point earning, and credit building
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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 Total Funding
- Total Rounds 4
- Last Round Series A — $35.0M
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First Round
First Round
(12 Oct 2021)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2024 | Amount | Series A - Pomelo | Valuation |
investors |
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| Aug, 2022 | Amount | Debt – Conventional - Pomelo | Valuation |
investors |
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| Aug, 2022 | Amount | Seed - Pomelo | Valuation | Keith Rabois , Kevin Hartz |
| 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 11 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include A*, Keith Rabois and Kevin Hartz. 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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Seed-stage tech investments in US companies are funded.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding is provided by Xfund.
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Founded Year | Domain | Location | |
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Investment services are provided for maximizing gains over time.
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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 MoneyGram, Skrill, TNG Wallet, RD Technologies and Foris, 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 |
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Online payments and digital wallet services are facilitated internationally.
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| domain | founded_year | HQ Location |
NFC-enabled wallet is provided for consumer payments and transfers.
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| domain | founded_year | HQ Location |
Cross-border payments are facilitated for businesses via wallet-enabled mobile solutions.
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| domain | founded_year | HQ Location |
Universal multi-currency mobile money accounts with VISA cards are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 2019 and raised its 1st funding round 2 years after it was founded.
Where is Pomelo located?
Pomelo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Pomelo?
Eric Velasquez Frenkiel 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 $60M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $50M, raised on Oct 12, 2021.
What does Pomelo do?
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.
Who are the top competitors of Pomelo?
Pomelo's top competitors include MoneyGram, Skrill and TNG Wallet.
What products or services does Pomelo offer?
Pomelo offers Money Transfer and Pomelo Mastercard.
Who are Pomelo's investors?
Pomelo has 11 investors. Key investors include A*, Keith Rabois, Kevin Hartz, Afore Capital, and Xfund.