We’re not here to improve money transfer. We’re here to fix it.
1.
We earn from merchants
Traditional money transfer companies take a huge cut out of your generosity. The World Bank reports 6% is removed via fees and exchange rate markups. Because we earn from interchange we are able to remove fees and charge only 1% or less.
2.
We’re breaking the comparison
Every other traditional remittance company is the same. They claim to have lower fees, faster transfer times, a wider cash disbursement network. But they haven‘t addressed the root problems in money transfer like we have.
3.
We’re helping you get established.
We understand that the immigrant journey is difficult. You leave in search of a better life. You arrive with zero credit history and a financial system that seems to be built to keep you out of it. We’re fixing this problem beginning with helping you build positive credit history.
Family is at the center of everything we do
We’re not just changing how money moves, we’re changing the dynamic in a family relationship. It is difficult to stay close while being separated by oceans. Repeated requests for money and a constant need to send remittances are a burden.
Our vision is to change that. Families who use Pomelo enjoy a new dynamic that is now marked by trust, accountability and gratitude. Instead of constantly playing catch-up and hoping money arrives on time, Pomelo makes funds available before any urgent need.
In The Press
Frenkiel came up with the idea when visiting his wife’s family in the Philippines. “Why can’t I just leave a card with my family instead of sending cash every month?” Frenkiel recalled.
Tech entrepreneur, recent Henderson transplant launching new venture
Fox 5
Tech entrepreneur, recent Henderson transplant launching new venture
Fox 5
With the funding in place and after several months in private beta, Pomelo is officially launching with its first corridor to the Philippines.
Pomelo raises $20m to combine credit and international money transfers
Finextra
Pomelo raises $20m to combine credit and international money transfers
Finextra
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.
Pomelo exits stealth mode with $20M seed to rethink international money transfer
TechCrunch
Pomelo exits stealth mode with $20M seed to rethink international money transfer
TechCrunch
...because the payments run via credit rails, the fees are paid by merchants via interchange and daily foreign exchange rates. This eliminates transfer fees, which can add up to 6%.
Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer
Finovate
Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer
Finovate
Christine Rockwell, a Las Vegas Asian Chamber of Commerce board member, said “…this is, I think, truly groundbreaking.”
Vegas-based startup aims to make sending money abroad easier
Las Vegas Review-Journal
Vegas-based startup aims to make sending money abroad easier
Las Vegas Review-Journal
Frenkiel came up with the idea when visiting his wife’s family in the Philippines. “Why can’t I just leave a card with my family instead of sending cash every month?” Frenkiel recalled.
Tech entrepreneur, recent Henderson transplant launching new venture
Fox 5
Tech entrepreneur, recent Henderson transplant launching new venture
Fox 5
With the funding in place and after several months in private beta, Pomelo is officially launching with its first corridor to the Philippines.
Pomelo raises $20m to combine credit and international money transfers
Finextra
Pomelo raises $20m to combine credit and international money transfers
Finextra
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.
Pomelo exits stealth mode with $20M seed to rethink international money transfer
TechCrunch
Pomelo exits stealth mode with $20M seed to rethink international money transfer
TechCrunch
...because the payments run via credit rails, the fees are paid by merchants via interchange and daily foreign exchange rates. This eliminates transfer fees, which can add up to 6%.
Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer
Finovate
Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer
Finovate
Christine Rockwell, a Las Vegas Asian Chamber of Commerce board member, said “…this is, I think, truly groundbreaking.”
Vegas-based startup aims to make sending money abroad easier
Las Vegas Review-Journal
Vegas-based startup aims to make sending money abroad easier
Las Vegas Review-Journal
Frenkiel came up with the idea when visiting his wife’s family in the Philippines. “Why can’t I just leave a card with my family instead of sending cash every month?” Frenkiel recalled.
Tech entrepreneur, recent Henderson transplant launching new venture
Fox 5
Tech entrepreneur, recent Henderson transplant launching new venture
Fox 5
With the funding in place and after several months in private beta, Pomelo is officially launching with its first corridor to the Philippines.
Pomelo raises $20m to combine credit and international money transfers
Finextra
Pomelo raises $20m to combine credit and international money transfers
Finextra
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.
Pomelo exits stealth mode with $20M seed to rethink international money transfer
TechCrunch
Pomelo exits stealth mode with $20M seed to rethink international money transfer
TechCrunch
...because the payments run via credit rails, the fees are paid by merchants via interchange and daily foreign exchange rates. This eliminates transfer fees, which can add up to 6%.
Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer
Finovate
Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer
Finovate
Christine Rockwell, a Las Vegas Asian Chamber of Commerce board member, said “…this is, I think, truly groundbreaking.”
Vegas-based startup aims to make sending money abroad easier
Las Vegas Review-Journal
Vegas-based startup aims to make sending money abroad easier
Las Vegas Review-Journal
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