LatAm Fintech Pomelo Secures $35m in Series A Funding Round

Fazzaco learned that Latin American fintech Pomelo has secured $35 million in a Series A funding round, which was led by Tiger Global Management with participation from venture capital firms including Insight Partners, Index Ventures, monashees, SciFi, QED Investors, BoxGroup, Greyhound, Gilgamesh Ventures and Clocktower.

Pomelo says it is now expanding its operations to Brazil and Mexico to continue accelerating its mission to create the new financial services infrastructure that its region deserves.

The company is also opening up 150 new positions as it looks to grow its staff and further develop its product suite.

About Pomelo

Pomelo launched in Argentina earlier this year, where it was granted a Mastercard and payments licence. The company offers infrastructure and financial services to fintechs and embedded finance firms which allows them to issue prepaid and credit cards and launch digital accounts.