April 22, 2024TechCrunch
'Send now, pay later' startup Pomelo lands $35M Series A from secretive Vy Capital, Founders Fund
Pomelo has raised $35 million in a Series A round led by Dubai venture firm Vy CapitalRead more'Send now, pay later' startup Pomelo lands $35M Series A from secretive Vy Capital, Founders Fund
Pomelo has raised $35 million in a Series A round led by Dubai venture firm Vy CapitalRead more
April 24, 2024GMA
Pomelo announces $35M Series A, additional $75M warehouse
GCash is the newest in a set of payout instruments that complement Pomelo's eponymous card product that has positively impacted the lives of customers and their families.Read more
April 24, 2024GMA Lifestyle
Pomelo announces $35M Series A
Pomelo announces $35M Series A, additional $75M warehouse, expanding its credit-building remittance productRead more
April 24, 2024The Paypers
Startup Pomelo secures USD 35 mln Series A
The startup’s new capital will go toward product and market expansion. Pomelo’s next target country is Mexico.Read more
April 24, 2024The Manila Standard
Pomelo announces $35-m Series A funding
Pomelo, the first consumer fintech to enable international money movement with consumer credit, announced a Series A of $35 million in venture capitalRead more
April 24, 2024Philippine Star
Pomelo bags spot for ‘promising fintech companies’
"Fintech firm Pomelo said that it placed a spot in the list of the global venture capital firm GGV Capital’s Innovation 50 list for 2024 for being one of the most “promising fintech companies in the eyes of investors.”"Read more
April 23, 2024Finextra
Pomelo raises $35m for credit-building remittance product
Pomelo says customers get the best real-time exchange rate for each purchase made. Unlike traditional money transfer services, Pomelo is paid by the merchant via interchange and daily foreign exchange rates, eliminating transfer fees for customers.Read more
April 23, 2024Fintech Futures
US fintech start-up Pomelo bags $35m Series A funding
The fintech intends to leverage its most recent financing to expand its credit-building remittance solution.Read more
April 23, 2024Fintech Global
Pomelo secures $35m in Series A funding to enhance global remittance services
The firm, known for integrating consumer credit with international money transfers, successfully closed a Series A funding round, amassing $35m in venture capital.Read more
April 23, 2024Finance Director Europe
Consumer fintech Pomelo secures $35m in Series A
The venture capital and additional funding for warehouse facility have been raised from Vy Capital, Founders Fund, and A* CapitalRead more
April 23, 2024Tech Company News
Pomelo Secures $35M Investment And $75M Warehouse Facility For Fintech And Credit Solutions
This round was not only a testament to the company’s progress but also brought new investors like Vy Capital into the fold, enhancing Pomelo’s financial base and industry credibility.Read more
April 22, 2024PRNewswire
Pomelo Announces $35M Series A, Additional $75M Warehouse, Expanding Its Credit-Building Remittance Product
Pomelo stands out through a fundamentally different approach to remittance transfer by using credit as its foundation," said Rabois. "The product unlocks value beyond facilitating cross border money movement; it's ultimately a pathway to establishing better financial futures for customers and their families.Read more
April 22, 2024PYMNTS
Pomelo Officially Launches Product Combining Credit and International Money Transfer
Pomelo offers a product that combines credit and international money transfer, according to the release. The company’s credit card lets families in the United States extend their credit abroad, without remittance fees.Read more
April 22, 2024FINSMES
Pomelo Raises $35M Series A and Additional $75M Warehouse Facility
The company intends to use the funds to expand operations and its development efforts.Read more
April 22, 2024Gami Caltech
Send now, pay later’ startup Pomelo lands $35M Series A funding from secretive Vy Capital
New investor Vy Capital is an under-the-radar investment firm managing over $5 billion in assets, notable for backing Elon Musk in his acquisition of Twitter.Read more
April 22, 2024Gilbert Sun News
Pomelo Announces $35M Series A
Pomelo, the first consumer fintech to enable international money movement with consumer credit, announced a Series A of $35 million in venture capitalRead more
April 22, 2024The Chandler Arizonan
Pomelo Announces $35M Series A, Additional $75M Warehouse,
Pomelo, the first consumer fintech to enable international money movement with consumer credit, announced a Series A of $35 million in venture capital and a $75m expansion of its warehouse facility from Vy CapitalRead more
April 22, 2024Queen Creek Tribune
Pomelo Announces $35M Series A
GCash is the newest in a set of payout instruments that complement Pomelo's eponymous card product that has positively impacted the lives of customers and their families.Read more
November 21, 2022CardRates
Users Build Credit When They Send Money Back Home
With Pomelo, transfer times are essentially instantaneous, and Pomelo takes no fees from customers beyond the lowest exhange rate spread in the industry.Read more
August 16, 2022PR Newswire
Pomelo Annouces $20m Seed Round
Pomelo announced a Series Seed of $20 million in venture capital and $50m in warehouse facility for a total of $70m in seed financing, and is the first company to combine credit and international money transfer.Read more
August 16, 2022TechCrunch
Pomelo exits stealth mode with $20M seed to rethink international money transfer
Pomelo has raised a $20 million seed round led by Keith Rabois at Founders Fund and Kevin Hartz at A* capital, with participation from Afore Capital, Xfund, Josh Buckley and The Chainsmokers.Read more
August 16, 2022Finextra
Pomelo raises $20m to combine credit and international money transfers
With the funding in place and after several months in private beta, Pomelo is officially launching with its first corridor to the PhilippinesRead more
August 8, 2022Finnovate
Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer
...because the payments run via credit rails, the gees are paid by merchants via interchange and daily foreign exchange rates. This elimates transfer fees, which can add up to 6%.Read more
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