Pomelo Funding, Investors & Competitors

Pomelo has raised $172M across 6 funding rounds, most recently a $55M Series C in January 2026.

Last Pomelo funding round

$55M

Series C · Jan 2026

Cumulative funding Pomelo raised

$172M

across 6 funding rounds

Key investors in Pomelo

  • Index Ventures
  • S32
  • Insight Partners
  • Endeavor Catalyst
  • Kaszek
  • MONASHEES
  • TQ Ventures
  • Sequoia Capital

Pomelo Overview

About Pomelo

Pomelo is a Latin America-based fintech infrastructure provider headquartered in Mexico City, specializing in card issuing, processing, and management APIs. The company enables banks and retailers to launch virtual and physical cards rapidly, supporting programs in Mexico, Colombia, and Brazil. Pomelo integrates with Visa and Mastercard networks for seamless domestic and international transactions.


Founded

2021

HQ

ArgentinaBuenos Aires

Website

pomelo.la

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Pomelo Funding History

Pomelo has raised a total of $172M 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

Pomelo funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2026Series CInsight Partners (lead); Kaszek (lead); Adams Street Partners; Index Ventures; S32; Endeavor Catalyst; TQ Ventures$55MPomelo 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 2024Series BKaszek (lead); Index Ventures; S32; Alter Global; Endeavor Catalyst; Insight Partners; TQ Ventures; MONASHEES$40MPomelo 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. The round was described as positive and not a down round, though valuation details were not disclosed. 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.
Nov 2022Series AS32 (lead)$18M-
Aug 2022Series AZinal Growth$15MPomelo 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. Zinal Growth is the family investment office of Checkout.com founder Guillaume Pousaz and lists Pomelo among its portfolio companies.
Oct 2021Series ATiger Global (lead)$35MPomelo 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. Post-money valuation and revenue figures were not disclosed at the time of the October 2021 Series A announcement.
May 2021SeedIndex Ventures (lead); MONASHEES (lead); Sequoia Capital (lead)$9M-

Who has invested in Pomelo?

12 investors have backed Pomelo across its funding rounds, including Index Ventures, S32, Insight Partners, Endeavor Catalyst, Kaszek and MONASHEES.

Lead investors include Insight Partners, Kaszek, S32, Tiger Global, Index Ventures and 2 other investors.


Pomelo Investors

Investors in Pomelo by funding rounds participated
InvestorHQRoundsRoleFirst check
Index VenturesUnited KingdomLondon3LeadMay 2021
S32United StatesSan Diego, CA3LeadNov 2022
KaszekBrazilSão Paulo2LeadJan 2024
Endeavor CatalystUnited StatesNew York City, NY2ParticipantJan 2024
Insight PartnersUnited StatesNew York City, NY2LeadJan 2024
TQ VenturesUnited StatesNew York City, NY2ParticipantJan 2024
MONASHEESBrazilSão Paulo2LeadMay 2021
Adams Street PartnersUnited StatesChicago, IL1ParticipantJan 2026
Zinal GrowthUnited KingdomLondon1ParticipantAug 2022
Alter GlobalUnited StatesSan Francisco, CA1ParticipantJan 2024

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Pomelo Competitors

Pomelo competitors include listed companies like PayPal, Fiserv, ACI Worldwide and Paymentus, and private ones like Stripe and Plaid.

Public and private companies comparable to Pomelo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
StripeUnited StatesSan Francisco, CAPrivate$6.9B-$159B23.0x
PayPalUnited StatesUnited StatesPublicly listed$33B$7.2B$45B1.4x
FiservUnited StatesUnited StatesPublicly listed$21B$8.9B$26B2.8x
PlaidUnited StatesSan Francisco, CAPrivate$430M-$8B18.6x
ACI WorldwideUnited StatesUnited StatesPublicly listed$1.8B$456M$5.2B3.1x
PaymentusUnited StatesUnited StatesPublicly listed$1.2B$117M$4.6B3.0x

Pomelo Public Comps

Pomelo is still privately-owned, but its public comps include Visa, Mastercard, American Express, Block, PayPal, Fiserv, LPL Financial, Circle, Kaspi.kz and BGC Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Visa$40B$26B17.6x15.4x27.1x22.0x
Mastercard$33B$20B15.5x14.1x24.9x22.3x
American Express$72B-3.1x2.9x--
Block$24B$2.2B1.7x1.6x18.6x9.4x
PayPal$33B$7.2B1.4x1.4x6.6x6.9x
Fiserv$21B$8.9B2.5x2.8x6.1x6.4x
LPL Financial$17B$2.2B1.9x1.6x14.8x10.7x
Circle$2.7B($73M)7.2x6.8x(273.4x)29.6x

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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.
How much funding has Pomelo raised?Pomelo has raised $172M 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, S32, Kaszek, Endeavor Catalyst, Insight Partners, TQ Ventures, MONASHEES, Adams Street Partners, Zinal Growth, Alter Global and 2 others.
Which companies are comparable to Pomelo?Companies comparable to Pomelo include Stripe, PayPal, Fiserv, Plaid, ACI Worldwide and Paymentus.

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