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- Pomelo
Pomelo Valuation, Funding & Investors
Pomelo is valued at $175M as of January 2024.
Last Pomelo valuation
$175M
Series B · Jan 2024
Last Pomelo funding round
$55M
Series C · Jan 2026
Cumulative funding Pomelo raised
$155M
across 6 funding rounds
Key investors in Pomelo
Index Ventures
MONASHEES
Insight Partners
S32
SciFi VC
BoxGroup
About Pomelo
Pomelo is a Latin American payments infrastructure company that lets banks, fintechs and large enterprises issue and process prepaid, debit and credit cards through a single API integration. It was founded in 2021 in Buenos Aires and operates in Argentina, Brazil, Chile, Colombia, Mexico and Peru. Its clients include Rappi, Bitso, Stori, Nomad, Payjoy and AstroPay. The platform is directly connected to Mastercard and Visa and handles virtual accounts, compliant customer onboarding and card processing. Pomelo has raised about USD 160 million, including a USD 35 million Series A led by Tiger Global in 2021, a USD 40 million Series B led by Kaszek in 2024 and a USD 55 million Series C co-led by Insight Partners and Kaszek in January 2026.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$175M (Jan 2024)
Pomelo Valuation
Pomelo is currently valued at $175M, based on its Series B in January 2024. Read the announcement ↗
The $40M round was led by Kaszek, with participation from Index Ventures, S32, Alter Global, Endeavor Catalyst, Insight Partners and 2 other investors.
Pomelo's valuation has moved from $175M at its Series A in August 2022 to $175M in January 2024, across 2 priced rounds.
Pomelo valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2024 | Series B | $175M |
| Aug 2022 | Series A | $175M |
Pomelo Funding History
Pomelo has raised a total of $155M across 6 funding rounds.
Pomelo's first fundraising round was a $9M seed round in May 2021. The most recent completed round was a $55M Series C in January 2026.
Pomelo funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Series C | Insight Partners (lead); Kaszek (lead); Adams Street Partners; Index Ventures; S32; Endeavor Catalyst; TQ Ventures; MONASHEES | $55M | - | Pomelo is a Latin America-based payments infrastructure company founded in 2021 by Gaston Irigoyen, Hernan Corral, and Juan Fantoni. It offers an API-first, cloud-native platform powered by AI, directly connected to Mastercard and Visa, focused on modernizing payments infrastructure. On January 20, 2026, Pomelo raised $55 million in a Series C round co-led by Insight Partners and Kaszek, with participation from Index Ventures, Adams Street Partners, S32, Endeavor Catalyst, monashees, and TQ Ventures, bringing total funding to $160 million. The round supports expansion beyond card issuing into globally scalable financial products, new payment rails, and AI-powered solutions, including a native global stablecoin card. Over the past two years leading to the round, Pomelo increased its revenue by more than 250%, driven by demand for scalable, regionally integrated financial infrastructure. The company plans to strengthen its core issuing platform and build a long-term sustainable business in 2026. Investors highlighted Pomelo's execution at regional scale and potential as a core platform for Latin America's payments modernization. No post-money valuation, specific revenue or ARR figures, EBITDA, or valuation multiples were disclosed in announcements for this round. |
| Jan 2024 | Series B | Kaszek (lead); Index Ventures; S32; Alter Global; Endeavor Catalyst; Insight Partners; TQ Ventures; MONASHEES | $40M | $175M | Pomelo is an Argentine fintech providing payment infrastructure for issuing, processing, and managing card payments in Latin America, serving over 100 clients including fintechs like Stori and Rappi, traditional banks, and non-financial corporations. Founded in 2021 in Buenos Aires, the company secured a $40 million Series B funding round on January 17, 2024, led by Kaszek with participation from Monashees, Index Ventures, Insight Partners, Endeavor Catalyst, S32, TQ Ventures, and Alter Global, bringing total funding raised to $103 million across four rounds. Kaszek's Nicolas Szekasy and Monashees' Caio Bolognesi joined the board as part of the deal. The funds will support scaling operations, particularly in Mexico (50% allocation for client base consolidation), expansion into Chile, and growth in Brazil, Colombia, and other markets, with plans to double business size in 2024 through investments in disruptive card payment technology. Pomelo reported a sevenfold increase in payment volume in 2023 and aims to double revenue in 2024, demonstrating exceptional traction and execution in a short time. Pomelo positions itself as a leader in next-generation payment infrastructure in Latin America, transforming card payments amid a challenging VC market. With 265 employees, it focuses on enhancing technological superiority and market presence across the region. |
| Aug 2022 | Series A | Index Ventures; Latitud; BoxGroup; Zinal Growth; SciFi VC; S32; Alter Global; 9Yards Capital; Insight Partners; Clocktower Technology Ventures; MONASHEES | $15M | $175M | Pomelo announced on 18 August 2022 that it had extended its Series A round by $15 million, taking the round to $50 million and total funding since the company started to $60 million. Existing backers monashees, Index Ventures, Insight Partners, Alter Global, BoxGroup, Clocktower, Latitud, SciFi and Zinal Growth all participated, and the extension added new investors 9Yards Capital and Section 32. The company said the extension was priced at a valuation 50% above the original Series A, which had closed in October 2021 at $35 million under Tiger Global’s lead. Pomelo said the money would fund its entry into Colombia and Peru and strengthen operations in Argentina, Brazil and Mexico. Founded in 2021 and led by co-founder and chief executive Gastón Irigoyen, Pomelo provides the infrastructure that banks, retailers, crypto companies and fintechs use to issue physical and virtual cards and to run digital accounts across Latin America, with compliance and onboarding handled through its platform. |
| Oct 2021 | Series A | Tiger Global (lead); Index Ventures; Max Levchin; BoxGroup; SciFi VC; Gilgamesh Ventures; QED Investors; Insight Partners; Clocktower Technology Ventures; MONASHEES | $35M | - | Pomelo is a Latin American fintech-as-a-service platform founded in 2021 that provides infrastructure and financial services to fintechs and embedded finance firms. The company's core offering allows partner companies to issue prepaid and credit cards, launch virtual accounts, and conduct compliant onboarding processes without managing complex regulatory, contractual, and backend integration challenges individually. Pomelo launched in Argentina in early 2021 where it obtained a Mastercard and payments license, with subsequent expansion into Brazil and Mexico by October 2021, and plans to extend to Chile and Colombia. In October 2021, Pomelo announced a $35 million Series A funding round led by Tiger Global Management just five months after raising a $9 million seed round and a $1 million seed extension in June 2021. The Series A was supported by venture capital firms including Insight Partners, Index Ventures, monashees, SciFi, QED Investors, BoxGroup, Greyhound, Gilgamesh Ventures, and Clocktower, along with notable angels such as Affirm founder Max Levchin, Plaid co-founder William Hockey, and N26's Max Tayenthal. At the time of the Series A close, Pomelo was approximately seven months old and had secured four customers including three fintechs and one embedded finance player. The company used Series A proceeds to accelerate its product roadmap and business development efforts, including expanding its team by 150 positions. |
| Jul 2021 | Seed | Sequoia Capital (lead); Guillaume Pousaz | $1M | - | Pomelo announced a USD 1 million extension of its seed round on 21 July 2021, led by Sequoia Capital. Guillaume Pousaz, the founder and chief executive of Checkout.com, also took part, along with a group of fintech angels. The extension followed the USD 9 million seed round co-led by Index Ventures and Monashees in May 2021 and brought total seed funding to USD 10 million. Reports described Sequoia's participation as one of its first new investments in Latin America after the firm said it would focus on the region. Pomelo is an Argentine fintech-as-a-service company that lets fintechs and embedded finance providers launch virtual accounts and issue prepaid and credit cards with compliant customer onboarding. It had offices in Argentina, Brazil and Mexico at the time of the extension and was led by co-founder and chief executive Gaston Irigoyen. |
| May 2021 | Seed | Index Ventures (lead); MONASHEES (lead); Latitud; FJ Labs; SciFi VC; Addition; QED Investors; Future Positive Capital; 20VC; Myelin VC | $9M | - | Pomelo announced a USD 9 million seed financing in May 2021, co-led by Index Ventures and Monashees, with participation from QED Investors, SciFi VC, Latitud, 20VC, Future Positive, Addition and FJ Labs. A USD 1 million extension led by Sequoia Capital followed in July 2021, taking total seed funding to USD 10 million. Pomelo is a Latin American fintech-as-a-service company founded in 2021 by Gaston Irigoyen and others with experience in the regional payments industry. Its platform lets fintechs and embedded finance providers launch virtual accounts, issue prepaid and credit cards and run compliant customer onboarding without building the regulatory and processor connections themselves. The company started in Argentina and planned to extend to Brazil and Mexico. The capital was to be used to grow the engineering team and to build out the product and processing infrastructure behind its card issuing. |
Who has invested in Pomelo?
26 investors have backed Pomelo across its funding rounds, including Index Ventures, MONASHEES, Insight Partners, S32, SciFi VC and BoxGroup.
Lead investors include Insight Partners, Kaszek, Tiger Global, Sequoia Capital, Index Ventures and 1 other investor.
Pomelo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | May 2021 | ||
| 5 | Lead | May 2021 | ||
| 4 | Lead | Oct 2021 | ||
| 3 | Participant | May 2021 | ||
| 3 | Participant | Aug 2022 | ||
| 2 | Participant | May 2021 | ||
| 2 | Participant | Oct 2021 | ||
| 2 | Lead | Jan 2024 | ||
| 2 | Participant | May 2021 | ||
| 2 | Participant | Aug 2022 | ||
| 2 | Participant | Jan 2024 | ||
| 2 | Participant | Jan 2024 | ||
| 2 | Participant | Oct 2021 | ||
This data is available for Pro users. Sign up to see all 26 Pomelo investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialPomelo Competitors
Pomelo competitors include listed companies like Paysafe and CPI Card, and private ones like Weavr, Hyperlayer, Moov and Ivy.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $210M | - | ||
| Private | - | - | $260M | - | ||
| Private | - | - | $110M | - | ||
| Publicly listed | $1.7B | $341M | $293M | 1.5x | ||
| Publicly listed | $544M | $77M | $303M | 0.9x | ||
| Private | - | - | $85M | - |
Pomelo Public Comps
Pomelo is still privately-owned, but its public comps include Beeks Group, SAB Finance, Bakkt, Densan System Holdings Co, wrkr, Currenc Group, RS2, Eastern Union, Automated Bank Services and Intelligent Wave.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $49M | $15M | 3.7x | 3.3x | 12.2x | 8.1x | |||
| $65K | ($10M) | 2486.1x | - | (17.0x) | - | |||
| $2.3B | ($98M) | 0.1x | 0.1x | (1.6x) | (23.9x) | |||
| $432M | $28M | 0.2x | 0.2x | 3.4x | 3.5x | |||
| $9M | ($6M) | 12.8x | 8.5x | (18.8x) | (54.8x) | |||
| $38M | ($13M) | 5.3x | 5.3x | (15.4x) | - | |||
| $45M | $5M | 2.5x | - | 21.9x | - | |||
| $17M | $15M | 3.2x | 3.2x | 3.7x | - | |||
This data is available for Pro users. Sign up to see all Pomelo competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Pomelo
| When was Pomelo founded? | Pomelo was founded in 2021. |
| Where is Pomelo headquartered? | Pomelo is headquartered in Buenos Aires, Argentina. |
| Is Pomelo publicly listed? | No, Pomelo is a private, VC-backed company. |
| What is Pomelo's valuation? | Pomelo was last valued at $175M in its Series B in January 2024. |
| How much funding has Pomelo raised? | Pomelo has raised $155M across 6 funding rounds. |
| What was Pomelo's last funding round? | Pomelo's last funding round was a $55M Series C in January 2026, led by Insight Partners and Kaszek. |
| Who are Pomelo's investors? | Pomelo's investors include Index Ventures, MONASHEES, Insight Partners, SciFi VC, S32, Latitud, BoxGroup, Kaszek, QED Investors, Alter Global and 16 others. |
| Which companies are comparable to Pomelo? | Companies comparable to Pomelo include Weavr, Hyperlayer, Moov, Paysafe, CPI Card and Ivy. |
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