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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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.
Facilitates fee-free international money sending with rewards
Enables transfers, point earning, and credit building
People of Pomelo
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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.
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.
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Seed-stage tech investments in US companies are funded.
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Early-stage venture capital funding is provided by Xfund.
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Investment services are provided for maximizing gains over time.
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Investor details for Pomelo
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Investments & Acquisitions by Pomelo
Investment portfolio details for Pomelo
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Financial Statements - Pomelo
Detailed financials for Pomelo
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Pomelo Comparisons
Peer comparison for Pomelo
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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.
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Cross-border payments are enabled via wallet solutions for consumers.
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Online payments and digital wallet services are facilitated internationally.
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NFC-enabled wallet is provided for consumer payments and transfers.
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Cross-border payments are facilitated for businesses via wallet-enabled mobile solutions.
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Universal multi-currency mobile money accounts with VISA cards are provided.
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Detailed competitors of Pomelo
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Latest news on Pomelo
Complete news archive for Pomelo
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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.
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.