Pomelo, a Buones Aires, Argentina-based payments infrastructure provider, raised $40m in Series B funding.
The round was led by Kaszek with participation from Monashees, Index Ventures, S32, TQ Ventures, and Endeavor Catalyst.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Vincent Choi, CEO, Pomelo provides a modern infrastructure to power card businesses in Latin America. The company’s cloud platform allows users to send and scale credit, debit, or rapid and secure payment cards. Pomelo’s solutions are used by over 100 companies across LatAm including Rappi, Bitso, Global66, Belo, Ripio, etc.
FinSMEs
21/01/2024