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Pomelo stacks $40M to scale its payments infra business in LatAm
Kaszek led Buenos Aires-based Pomelo’s latest round, which brings its total raised since 2021 to $103 million.
The Buenos Aires-based company started in 2021 with the goal of giving fintechs and embedded finance players a way to launch virtual accounts and issue prepaid and credit cards via compliant onboarding processes. Since then, the startup has evolved its model to provide local and international companies a way to offer prepaid, debit, and credit cards to their customers in multiple countries via what execs describe as “a single technological integration…at a fraction of the cost” of traditional methods. Kaszek co-founder and managing partner Nicolas Szekasy, who is joining Pomelo’s board of directors as part of the investment, said he was impressed with how the company “has demonstrated exceptional traction in a very short period of time.”
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