Pomelo

Pomelo is a banking-as-a-service and card issuing company founded in 2021 in Buenos Aires, Argentina, by former Mastercard, Mercado Pago, and Naranja X executives Gaston Irigoyen, Hernan Corral, and Juan Fantoni. It provides the technology infrastructure that lets fintechs and other businesses across Latin America launch their own card and account programs.

Its platform covers virtual account creation, compliant customer onboarding, and prepaid and credit card issuing and processing, allowing clients to customize card programs without building banking infrastructure from scratch. Pomelo operates across several Latin American markets and has raised over 160 million dollars from investors including Kaszek, Index Ventures, and Insight Partners.

1. Virtual accounts: Clients can issue compliant virtual accounts for their end users across Latin America.

2. Card issuing: The platform issues prepaid and credit cards with configurable spending rules and limits.

3. Card processing: Pomelo processes transactions end to end, from authorization to settlement and disputes.

4. Compliant onboarding: Built-in KYC workflows help clients onboard customers within local regulatory requirements.

5. Program customization: Fintechs and businesses can customize card programs and user experiences on the platform.

6. Regional coverage: Pomelo operates across multiple Latin American markets from a single technology stack.