Pomelo is the modern way to send money internationally and grow your credit. It's safe and fast to transfer money overseas to the Philippines, Mexico, India and more.
Employees: 11-50
Total raised: $105M
Founders name: Eric Velasquez Frenkiel
Founders Related Locations: United States, California, Palo Alto; United States, California, San Francisco
Investors 1
| Date | Name | Website |
| - | MANTIS Ven... | mantisvc.c... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 22.04.2024 | Series A | $35M | - |
| 16.08.2022 | Seed | $70M | - |
Persons 5
| Date | First Name | Last Name | Title | Location | |||
| - | Chris | Lee | VP of Oper... | linkedin.c... | - | c***s@pome... | - |
| - | Sung Hu | Kim | Vice Presi... | linkedin.c... | - | s******m@p... | - |
| - | Stefan | Suarez | VP of Grow... | linkedin.c... | - | s*****z@po... | - |
| - | Aseem | Kishore | VP of Engi... | linkedin.c... | - | a*********... | - |
| - | Eric | Velasquez ... | Founder an... | linkedin.c... | - | - | United Sta... |
Mentions in press and media 7
| Date | Title | Description |
| 09.05.2024 | Pomelo and Thunes partner to drive innovation in Cross-Border Finance with a new credit-based digital wallet solution | SINGAPORE, May 9, 2024 /PRNewswire/ -- Thunes, a global money movement innovator, has joined forces with Pomelo, a pioneering credit-powered remittance company and credit card issuer, to introduce a groundbreaking international money transf... |
| 23.04.2024 | Pomelo's Financial Growth Sparks Investor Interest | Pomelo, a San Francisco-based fintech startup, recently secured $35 million in Series A funding from Vy Capital, Founders Fund, and A* Capital. This investment, along with a $75 million expansion of its warehouse facility, brings Pomelo's t... |
| 22.04.2024 | Pomelo Raises $35M Series A and Additional $75M Warehouse Facility | Pomelo, a San Francisco, CA-based consumer fintech to enable international money movement with consumer credit, raised $35M in Series A in venture capital and a $75M expansion of its warehouse facility. This brought the total funds raised t... |
| 22.04.2024 | ‘Send now, pay later’ startup Pomelo lands $35M Series A from secretive Vy Capital, Founders Fund | Pomelo, a startup that combines international money transfer with credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital, TechCrunch has exclusively learned. Additionally, the company is announcing a $75 mil... |
| 16.08.2022 | Pomelo exits stealth mode with $20M seed to rethink international money transfer | Eric Velasquez Frenkiel had a seemingly simple thought when visiting his family in the Philippines, impressed by the cashless economy that had formed. Instead of sending money to his family once a year — a costly, fee-heavy affair — why can... |
| 16.08.2022 | Pomelo Raises $70M in Funding | Pomelo, a San Francisco, CA-based fintech startup that combines credit and international money transfer, raised $20m in venture capital and $50m in warehouse facility for a total of $70m in seed financing. Keith Rabois at Founders Fund as w... |
| 10.06.2022 | Estonian Kwota Nabs EUR 1.5M to Reduce Carbon Emissions Through Web3 | Estonian startup Kwota employs web3 technology to tokenize carbon savings and turn them into tradable carbon credits This is meant to motivate companies to switch to increase the use of recycled materials (which is currently more expensive ... |