Pomelo, a Latin America-based payments infrastructure company, has raised a $55 million Series C round to accelerate the modernization of payments infrastructure and broaden its product roadmap beyond card issuing. The round was co-led by Kaszek and Insight Partners, with participation from Index Ventures, Adams Street Partners, S32, Endeavor Catalyst, monashees, and TQ Ventures. Founded in 2021, Pomelo said the financing brings its total capital raised to $160 million.
The company said the new funding marks the start of a fresh growth phase focused on deepening its issuing and credit card capabilities while expanding into globally scalable financial infrastructure products and new payment rails. Pomelo plans to invest in a broader product portfolio that includes a stablecoin-native global card, payment tokenization, and AI-powered chargeback management, alongside the creation of new business units tied to modern payment solutions.
Pomelo said it has expanded across Latin America by building a payments platform that adapts to each country’s regulatory frameworks and market dynamics. The company currently supports more than 150 customers across banks, fintechs, and enterprises, including Santander, BBVA, Bancolombia, Western Union, Rappi, and PicPay, among others.
Over the past two years, Pomelo said revenue increased by more than 250%, driven by demand for modern, scalable, and regionally integrated payments infrastructure. The company positions its platform as API-first and cloud-native, powered by artificial intelligence, and directly connected to Mastercard and Visa.
Looking ahead, Pomelo said it will prioritize strengthening its core issuing platform in 2026, launching new payment rails, and building out a global product portfolio while continuing to focus on long-term, sustainable growth.
KEY QUOTES:
“This round firmly establishes Pomelo as a core financial infrastructure platform for Latin America. Raising more than $160 million in just a few years reflects strong conviction from top-tier global investors in a modern payments stack built to serve banks, large enterprises, and high-growth fintechs at regional scale. Today, we operate across the continent, process billions of dollars in payment volume, and deliver best-in-class retention and customer satisfaction—clear signals that Pomelo is becoming mission-critical for our customers and a clear step change versus legacy infrastructure. As we enter this next phase, we will continue to deepen our card capabilities while accelerating global products and new payment rails that will shape the future of the region’s financial ecosystem.”
Gastón Irigoyen, CEO and Co-Founder, Pomelo
“Pomelo has built real payments infrastructure at regional scale. Gaston and the team are executing with speed and discipline, and we see Pomelo emerging as a core platform as Latin America modernizes payments and expands into new rails. We’re excited to continue supporting Pomelo as they accelerate into this next phase of growth.”
Deven Parekh, Managing Director, Insight Partners
“Pomelo is building a modern financial infrastructure platform designed for the scale and complexity of Latin America. This marks our first growth equity investment in the region, and Pomelo’s strong execution and consistent growth clearly differentiated the company. We are excited to support the team’s long-term vision as Pomelo scales and expands beyond cards into new payment methods and global products.”
Robin Murray, Partner, Adams Street Partners
“Pomelo is redefining the payments infrastructure in Latin America. The founding team’s vision, the strength of the technology, the quality of execution, and strong traction with leading players across the financial system were key to our decision to co-lead this round and double down on our investment in the company’s growth.”
Nicolás Szekasy, Co-Founder and Managing Partner, Kaszek
