What is Pomelo?
Founded in 2021 by Gastón Irigoyen, Hernán Corral, and Juan Fantoni, Pomelo offers a fully cloud-native platform powered by AI, designed for card issuing, processing, and program management. Its issuer processing and BIN sponsorship solutions enable clients to issue cards using either Pomelo's network licenses or their own. The platform facilitates seamless integration via APIs, allowing banks, fintechs, and large enterprises across Latin America to migrate from legacy systems, launch new products, and scale their card programs compliantly and efficiently. Pomelo's technology stack is built for scalability and adaptability, addressing the evolving needs of the modern payments landscape.
How much funding has Pomelo raised?
Pomelo has raised a total of $180M across 4 funding rounds:
Series A
$50M
Series B
$40M
Other Financing Round
$35M
Series C
$55M
Series A (2022): $50M with participation from Tiger Management Consulting Group, Alter Global, Insight, Monashees, Index, and Latitud
Series B (2024): $40M led by Catalyst Endeavors, Kaszek Ventures, Monashees, TQ Ventures, S32, and Index Ventures
Other Financing Round (2024): $35M supported by Founders Fund, ACapital Ventures, and A Capital Canada Cleaning
Series C (2026): $55M featuring Index Ventures, Endeavor Global, S32, Adams Street Partners, TQ Ventures, Insight Partners, and Kaszek Ventures
Key Investors in Pomelo
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO, partnering with founders with bold dreams to build enduring companies. They invest globally, with offices in San Francisco and London.
Kaszek Ventures
Kaszek is a venture capital firm focused on partnering with exceptional tech entrepreneurs in Latin America, providing capital and expertise in strategy, operations, and product development. They invest primarily in technology-driven industries.
Insight Partners
Insight Partners is a global venture capital and private equity firm that invests in high-growth software and technology companies, offering capital and operational support to help businesses scale from early stage to IPO.
What's next for Pomelo?
With its recent major strategic investment and substantial overall capital, Pomelo is well-positioned for its next phase of growth. The company's focus on API-first technology and AI integration suggests a strategic emphasis on enhancing its platform's capabilities and expanding its market reach. This substantial backing indicates a strong investor confidence in Pomelo's ability to disrupt the traditional card processing and issuing market, likely leading to further product development, talent acquisition, and strategic partnerships to solidify its position as a leader in fintech solutions for the region.
See full Pomelo company page
