Pomelo lands $40M in Series B

Jan 25, 2024•almost 2 years ago

Amount Raised

$40 Million

San Francisco

Investors

Endeavor CatalystS32Insight PartnersIndex VenturesMonasheesKaszek

Description

Pomelo raised a $40M Series B led by Kaszek, with participation from monashees, Index Ventures, Insight Partners, S32, and Endeavor Catalyst. The funding round comes over a year after Pomelo’s $18M Series A extension in August 2022, totaling $103 million raised to date. Pomelo will use the funds to scale its payment infrastructure for card payments, with goals of doubling its revenue in 2024.

Company Information

Company

Pomelo

Location

San Francisco, California, United States

About

The Pomelo app makes it easy to send money and stay up-to-date with family spending. No more waiting in line to send or pick up money! Pomelo gives you and your loved ones a convenient-to-use card and mobile app.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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