Pomelo raises $55 million Series C to accelerate the modernization of payments infrastructure
This funding round will support Pomelo’s expansion beyond card issuing into globally scalable financial infrastructure products and new payment rails.
New York, January 20, 2026 – Pomelo, the Latin America–based payments infrastructure company, today announced a $55 million Series C investment round, 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 has raised $160 million to date, reflecting strong global investor confidence in its payments infrastructure model.
This round marks the beginning of a new phase of growth for the company, aimed at redefining the industry across Latin America, Central America, and the Caribbean, and expanding its offering toward global products and new payment rails. The capital will be used to strengthen Pomelo’s issuing and credit card solutions, expand its portfolio of globally scalable products—including a stablecoin-native global card, payment tokenization, and AI-powered chargeback management—and develop new business units related to modern payment solutions.
“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,” said Gastón Irigoyen, CEO and Co-Founder of Pomelo.
In just a few years, Pomelo has expanded throughout Latin America, Central America, and the Caribbean, building a payments platform that adapts to the regulatory frameworks and business opportunities of each country. Today, Pomelo supports more than 150 customers, including global banks, leading fintechs, and large corporations such as Santander, BBVA, Bancolombia, Western Union, Rappi, Astropay, Stori, DolarApp, Nomad, Cocos Capital, and MACHBANK, among others.
Over the past two years, the company increased its revenue by more than 250%, driven by growing demand for modern, scalable, and regionally integrated financial infrastructure. In this context, Pomelo continues to expand its product portfolio while developing AI-powered payment solutions.
“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,” said Deven Parekh, Managing Director at Insight Partners. “We’re excited to continue supporting Pomelo as they accelerate into this next phase of growth.”
The round reflects a growing trend among global investors to prioritize financial technology companies with high impact and a proven ability to scale across markets, including complex regulatory environments.
“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,” said Robin Murray, Partner at 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,” said Nicolás Szekasy, Co-Founder & Managing Partner at Kaszek.
Founded by Gaston Irigoyen, Hernan Corral, and Juan Fantoni, Endeavor Entrepreneurs recognized by the World Economic Forum, Pomelo has built a unique payments platform in the region: an API-first, cloud-native platform, powered by artificial intelligence and directly connected to Mastercard and Visa.
In 2026, Pomelo will remain focused on strengthening its core issuing platform, launching new payment rails as well as a global product portfolio, and continuing to build a long-term, sustainable business.
About Pomelo
We build API-first technology for card issuing, processing, and program management, delivered through a fully cloud-native platform powered by AI. Pomelo gives companies the flexibility to launch or migrate the card programs their business requires, in an agile and scalable way, while meeting the highest compliance and security standards.
Our Issuer Processing and BIN Sponsorship solutions allow clients to issue cards using either Pomelo’s network licenses or their own. Through simple API-based integrations, a fully cloud-native, AI-powered technology stack, and a modular architecture, clients can migrate from legacy infrastructure, launch new products, and scale their card programs across multiple markets. Learn more about Pomelo on our website.
