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.

Apr 29, 2024•over 1 year 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.

Related People

2 contacts

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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