Pomelo: Company Market Research Report
Company Overview
Name
Pomelo
Mission of the Company
Crear la primera infraestructura de servicios financieros con tecnología moderna en América Latina que cubra las demandas de los tiempos actuales.
Founded and Founders
- Year Founded: 2021
- Founders:
- Gastón Irigoyen (CEO & Co-Founder)
- Hernán Corral (CPO & Co-Founder)
- Juan Fantoni (CCO & Co-Founder)
Key People in the Company
- Gastón Irigoyen: CEO & Co-Founder
- Previous roles: CEO of Naranja X, CMO of Restorando, CEO of Guidecentral, early employee at Google Argentina.
- Hernán Corral: CPO & Co-Founder
- Previous roles: CPO at Naranja X, Head of Cards & Digital Accounts at Mercado Pago.
- Juan Fantoni: CCO & Co-Founder
- Previous roles: Director of Fintech at Mastercard.
Headquarters
Av. del Libertador 8620, Buenos Aires
Number of Employees
No information is available.
Revenue
No information is available.
Known For
Pomelo is known for modernizing payment technologies in Latin America by offering innovative solutions for the issuance, processing, and management of credit, debit, and prepaid cards through a single integration platform.
Products
Overview
Pomelo offers solutions for the issuance, processing, and management of various types of payment cards. Their products include:
1. Cards
- Description: Pomelo provides technology for issuing and processing physical and virtual international cards, including prepaid, debit, credit, crypto, and corporate cards.
- Key Features:
- Visa or Mastercard backed issuance.
- Real-time transaction monitoring.
- Integration with digital accounts, banking, or crypto wallets.
- Compliance with local regulatory requirements.
2. Tokenization
- Description: Enables the addition of cards to Google Pay and Apple Pay for secure transactions using NFC technology.
- Key Features:
- Provides greater security in transactions.
- Allows utilization of cards directly from smartphones.
3. BIN Sponsorship
- Description: It accelerates the time to market by issuing cards under Pomelo's Visa and Mastercard licenses.
- Key Features:
- Utilizes existing licenses in different countries.
- Fast-tracks the launch of new card programs.
4. Identity Verification (KYC/KYB)
- Description: Simplifies user onboarding by securely identifying users before card issuance.
- Key Features:
- Quick and simple user validation through APIs or web.
- Personalizes user experience with custom branding.
Recent Developments
Recent Developments in the Company
Pomelo has recently raised US$ 40 million in a Series B funding round, led by Kaszek and participated in by high-profile international investors such as Monashees, Index Ventures, Insight Partners, Endeavor Catalyst, S32, TQ Ventures, and Alter Global.
New Products Launched
No information is available.
New Features Added to Existing Products
- New Dashboard Visibility: Enhanced visibility over transaction rejection reasons.
- Management of Returns and Disputes: Renovated experience in managing chargebacks.
- Integration of New ATM Network in Colombia: Expanded network access for transactions.
New Partnerships
- Strategic alliances with major players like Mastercard and Visa.
- Recognized and awarded at the World Economic Forum in Davos and received Innovation awards from Visa and Mastercard.
Key Achievements
- Authorized as a Payment Institution by the Banco Central de Brasil.
- Achieved capability to process 55 million transactions daily.
- Expanded presence across Argentina, Brazil, Chile, Colombia, Mexico, and Peru.
Conclusion
This comprehensive report highlights Pomelo's robust position in the fintech ecosystem, leveraging advanced technology to provide scalable and secure financial services infrastructure across Latin America. The company's leadership and recent funding underscore its potential for continued growth and innovation.
