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In an investment round co-led by Kaszek and Insight Partners, with participation from Index Ventures, Adams Street Partners, S32, Endeavor Catalyst, monashees, and TQ Ventures, the Argentine fintech company has raised US$55 million.
The money raised in this Series C round will be used to drive Pomelo’s expansion into other Latin American markets, offering a range of globally scalable financial infrastructure products and new payment methods.
Strengthening its issuance and credit card solutions, expanding its product offering by adding a native global card in stablecoins, as well as payment tokenization and AI-driven chargeback management will be among the many new features the fintech company will offer its users.
“This round consolidates Pomelo as a leading financial technology infrastructure platform for Latin America,” said Gastón Irigoyen, CEO and Co-Founder of Pomelo, in a statement. “In this new phase, we will continue to deepen our capabilities in card issuance and payment processing while accelerating the development of global products,” added Irigoyen.
Since its founding in 2021, Pomelo has raised around US$160 million, reflecting strong confidence from global investors in its payment infrastructure model. Currently, large companies in the industry such as Santander, BBVA, Bancolombia, Western Union, Rappi, Astropay, Lulo, Stori, DolarApp, among others, work with the Argentine fintech.
“Having raised more than $160 million in just a few years reflects the strong conviction of top-tier global investors in a modern payment technology stack designed to serve banks, large companies, and high-growth fintechs on a regional scale,” adds Gastón.
The fintech industry in Latin America reached US$13.14 billion in 2024, and according to the IMARC Group, the market is expected to reach US$49.58 billion by 2033, further consolidating the market and providing opportunities for the region.
Founded by Gastón Irigoyen, Hernán Corral, and Juan Fantoni, Endeavor entrepreneurs recognized by the World Economic Forum, the company now works with more than 150 corporate clients and has built financial technology based on an API-first, cloud-native platform powered by artificial intelligence that processes payments directly with Mastercard and Visa.
In 2026, the company will continue to focus on strengthening its card issuance and processing platform, launching new payment channels and a portfolio of global products, as well as continuing to build a sustainable business that offers innovative services to thousands of users in the region.
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