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 core offerings include issuer processing and BIN sponsorship solutions, enabling clients to issue cards via Pomelo's network licenses or their own. The platform's modular architecture and simple API integrations facilitate migration from legacy systems, rapid product launches, and scalable expansion of card programs across multiple markets. Pomelo serves a diverse clientele, including banks, fintechs, and large enterprises, providing compliant and advanced payment infrastructure.
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 Latitud, Monashees, Tiger Management Consulting Group, Alter Global, Index, and Insight
Series B (2024): $40M led by Catalyst Endeavors, S32, TQ Ventures, Kaszek Ventures, Monashees, and Index Ventures
Other Financing Round (2024): $35M supported by A Capital Canada Cleaning, ACapital Ventures, and Founders Fund
Series C (2026): $55M featuring TQ Ventures, Insight Partners, Index Ventures, Kaszek Ventures, Adams Street Partners, Endeavor Global, and S32
Key Investors in Pomelo
TQ Ventures
TQ Ventures LLC is a venture capital firm based in New York City, focusing on extraordinary founders in the software sector with durable competitive advantages. They support businesses across B2B and B2C models, providing differentiated support and networks to fuel growth from startup to Series A and beyond, particularly in fintech, healthcare, and blockchain.
Insight Partners
Insight Partners is a global venture capital and private equity firm that invests in high-growth software and technology companies. They provide capital and operational support to help businesses scale from early stage to IPO, with a focus on enterprise software, SaaS, and internet platforms.
Index Ventures
Index Ventures is a venture firm that invests in the next generation of entrepreneurs from seed to IPO, partnering with founders who aim to build enduring companies. With offices in San Francisco and London, they invest globally in companies like Adyen, Datadog, Discord, Figma, Robinhood, and Roblox.
What's next for Pomelo?
With substantial backing, Pomelo is poised for accelerated expansion and innovation in the competitive fintech landscape. The recent major strategic investment suggests a focus on enhancing its AI capabilities, broadening its market reach, and potentially forging new partnerships. This capital infusion will likely fuel further development of its cloud-native platform, enabling it to address the evolving demands for scalable, secure, and efficient payment processing solutions. The company's trajectory indicates a strong position to capture market share by offering a modern alternative to traditional payment infrastructure.
See full Pomelo company page
