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Pomelo lands $40M in Series B

Pomelo lands $40M in Series B

01/25/24, 5:05 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan francisco
Money raised
$40 million
Investors
Endeavor Catalyst, S32, Insight Partners, Index Ventures, Monashees, Kaszek
Pomelo raised a $40M Series B led by Kaszek, with participation from monashees, Index Ventures, Insight Partners, S32, and Endeavor Catalyst. The funding round comes over a year after Pomelo’s $18M Series A extension in August 2022, totaling $103 million raised to date. Pomelo will use the funds to scale its payment infrastructure for card payments, with goals of doubling its revenue in 2024.

Company Info

Company
Pomelo
Location
san francisco, california, united states
Additional Info
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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