Pomelo raised a new investment round of US$ 40 million, consolidating leadership in payment technology in Latin America.

The round was led by Kaszek, the largest venture capital fund in Latin America, and also included the participation of important international investors: Monashees, Index Ventures, Insight Partners, Endeavor Catalyst, S32, TQ Ventures, and Alter Global.

Since its last founding in 2021, its payment technology which is modernizing the card business in Latin America, allows local and international companies to offer prepaid, debit, and credit cards to their customers in multiple countries, with a single technological integration and by a fraction of the cost. Throughout this great journey, they have raised US$ 103 million.

With the focus on its growth plan, the capital received will allow it to continue investing in disruptive technology that transforms card payments throughout Latin America and double the size of the business in 2024.

"We are very happy to start the year with this injection of capital and to have the support of Kaszek and several of the most prestigious investment funds globally. This achievement confirms that we continue to move in the right direction and strengthen our leadership in the region."

Gastón Irigoyen, Co-Founder & CEO of Pomelo

With a presence in the most important markets in the region (Argentina, Brazil, Chile, Colombia, Mexico, and Peru), they help hundreds of banks, multinational companies, and technology unicorns such as Rappi, Bitso, Stori, Nomad, Payjoy, AstroPay, Lulobank e Finsus to launch its card businesses in a few weeks. 

"Pomelo is leading a new generation of payment infrastructure companies in Latin America and at Kaszek we are very excited to actively support them in this stage of expansion. The company has demonstrated exceptional traction in a very short period of time, confirming the superiority of its technological solution and the great execution capacity of this team of entrepreneurs whom we have known for years."

Nicolas Szekasy, Co-Founder and Managing Partner of Kaszek

Nicolas Szekasy, Co-Founder and Managing Partner of Kaszek raised a new $1 billion fund in 2023 to invest in Latin America and has been working with iconic technology companies in the region for more than a decade. Along with Caio Bolognesi of Monashees, Szekasy will join the Pomelo board.

This investment confirms the fundamental importance of a role in the payments industry, allowing them to advance in the development of unprecedented technological products in the region.