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Pomelo Exits Stealth Mode With $20M Seed To Rethink International Money Transfer

Aug 16, 2022over 3 years ago

Amount Raised

$20 Million

Round Type

seed

San Francisco

Description

Eric Velasquez Frenkiel had a seemingly simple thought when visiting his family in the Philippines, impressed by the cashless economy that had formed. Instead of sending money to his family once a year – a costly, fee-heavy affair – why can’t he just leave his credit card there?

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.

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Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech