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Pomelo raised $35M in a Series A round led by Vy Capital to facilitate money transfer and credit building from the U.S. to the Philippines.

PRIVATEApr 29, 2024•about 2 years ago

Amount Raised

$35 Million

Round Type

series a

San Francisco

Investors

Founders FundVy Capital

Description

Pomelo, a startup launched in the Philippines in 2022, raised $35 million in a Series A round led by Dubai venture firm Vy Capital, with participation from Founders Fund. The platform allows people in the United States to send money to the Philippines while at the same time building their credit.

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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Predictive Intelligence
Strategic

ML-powered predictions for Pomelo's next move

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

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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