Pomelo nets $55M Series C to expand LatAm payments infra

Pomelo has closed a $55 million Series C round to push its payments stack beyond card issuing and into globally scalable rails and tokenised products. 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. The capital brings the company’s lifetime funding to roughly $160 million.

The investment arrives as Latin America’s payments landscape continues to fragment and digitise: incumbents and fintechs alike are seeking cloud-native infrastructure that can handle cross-border flows, local regulatory nuance and emerging rails such as stablecoins and tokenised payments. Pomelo says the new funding will accelerate work on a stablecoin-native global card, payment tokenisation and AI-led chargeback and dispute management.

Founded in 2021 by Gastón Irigoyen, Hernan Corral and Juan Fantoni, Pomelo bills itself as an API-first, cloud-native issuer processing and BIN-sponsorship platform directly connected to global card networks. The company reports supporting more than 150 customers across Latin America, Central America and the Caribbean and processing billions of dollars in payments volume. Management also cites revenue growth of more than 250% in the past two years—evidence, they say, of strong enterprise demand for modern, region-aware infrastructure.

Investors framed the round as a bet on expansion and product breadth. Deven Parekh of Insight Partners highlighted Pomelo’s execution and regional reach, while Robin Murray of Adams Street Partners described the deal as the firm’s first growth equity move in the region, citing Pomelo’s differentiated execution. Nicolás Szekasy of Kaszek pointed to the team and technology as key drivers for doubling down.

Operationally, the funds will be channelled toward strengthening issuing and credit-card capabilities, hiring for engineering and compliance, and launching new business units around global products and alternative rails. For payments incumbents and fast-scaling fintechs, Pomelo’s roadmap—tokenisation, stablecoin integration and AI-driven risk controls—addresses three of the sector’s most persistent pain points: cross-market scale, cost of reconciliation and dispute friction.

On the market level, the raise underlines continued investor appetite for Latin American fintech infrastructure that can scale across multiple regulatory regimes. As consumer payments shift toward digital rails and token-based systems, platforms that combine issuer services, BIN sponsorship and program management stand to capture growing share from legacy processors. Pomelo plans to use the next 12–18 months to roll out global-facing products, deepen card features and expand partnerships with banks and large corporates operating in the region.

With a strengthened balance sheet and a roster of global backers, Pomelo aims to convert regional momentum into a broader payments platform, positioning itself as a vendor of choice for banks, fintechs and enterprise customers seeking modern, cloud-first payment infrastructure.