Pomelo

The first financial technology platform to combine consumer credit and international money movement.

General Information
Company Name
Pomelo
Founded Year
2020
Location (Offices)
San Francisco, United States +1
Founders / Decision Makers
Number of Employees
57
Industries
Financial Services, Fintech
Funding Stage
Debt Financing
Social Media

Pomelo - Company Profile

Pomelo is a financial technology platform that is revolutionizing the fusion of consumer credit and international money movement. Their slogan, "The first financial technology platform to combine consumer credit and international money movement," encapsulates their innovative approach. Founded in 2017, Pomelo is committed to providing immigrants with a cost-effective means to send funds to their families abroad, promoting global connectivity and prosperity. The company is backed by prominent investors including Keith Rabois of Founders Fund, Kevin Hartz, and The Chainsmokers, amongst others, with its most recent Series A investment of $35.00M secured on April 22, 2024. Pomelo's unique positioning in the Financial Services and Fintech industries, along with its headquarters in the United States, reflects its potential for impactful growth and success in the ever-evolving financial technology landscape. This pioneering venture merits attention from venture capital firms seeking to invest in innovative, future-focused fintech ventures.

Taxonomy: credit, money transfer, international, financial empowerment, immigrants, startup, founders, global connectivity, cross-border, Keith Rabois, Kevin Hartz, The Chainsmokers, The Weeknd

Funding Rounds & Investors of Pomelo (5)

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Funding Stage Amount No. Investors Investors Date
Series A $35.00M 3 22 Apr 2024
Debt Financing $75.00M - 22 Apr 2024
Debt Financing $50.00M - 16 Aug 2022
Seed Round $20.00M 7 Abel Makkonen Tesfaye, Keith Rabois +1 16 Aug 2022
Seed Round $5.00M - 12 Oct 2021

Latest News of Pomelo

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No recent news or press coverage available for Pomelo.

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