Argentinian fintech Pomelo raised a $40M Series B led by Kaszek. monashees, Index Ventures, Insight Partners, S32, and Endeavor Catalyst also participated in the round. The funding round comes over a year after Pomelo’s $18M Series A extension in August 2022, totaling $103 million raised to date.
Pomelo will use the funds to scale its payment infrastructure for card payments, with goals of doubling its revenue in 2024.
“Pomelo has demonstrated exceptional traction in a very short period of time, confirming the superiority of its technological solution and the great execution capability of this entrepreneurial team,” said Nicolas Szekasy, co-founder and Managing Partner of Kaszek.
Pomelo offers a solution for printing, issuing and distributing virtual and physical cards, with integrated real-time payment processing.
Founded in 2021, Pomelo reported a revenue growth of over 200% from 2022 to 2023, and has a client base of over 100 companies including Rappi, Nomad, Bitso, and more.
Read more at Pomelo
