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Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$53.5M
Headquarters
Salt Lake City, Utah
Founded
2020
Pomelo simplifies international money transfers, focusing on markets like the Philippines, Mexico, and India. It offers a mobile app and a card system that allows users in the U.S. to send money to family members abroad instantly and without fees. Recipients receive a Pomelo card to access funds immediately, eliminating the need for cash pickups. A unique aspect of Pomelo is that it uses credit for transactions, which helps users build their credit scores while sending money. The company generates revenue through interest and financial products related to credit cards. Pomelo's goal is to provide a seamless, cost-effective money transfer service while also supporting users in building a stronger financial future.
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Total Funding
$53.5M
Above
Industry Average
Funded Over
3 Rounds
Health Insurance
Parental Leave
Unlimited Paid Time Off
Travel Stipend
Wellness Stipend
Commuter Benefits
Sabbatical Leave
In Office Meals
SAN FRANCISCO, Feb. 6, 2025 /PRNewswire/ -- Pomelo, the first company to combine consumer credit with international money transfer, has released Pomelo Points, the industry's first points program for sending money overseas."Today marks another industry first - we're introducing the only points program in remittance," said Eric Velasquez Frenkiel, founder and CEO of Pomelo. "By combining zero-fee transfers with the ability to earn points, we're helping customers send extra joy to their loved ones, all while building their financial future."
International money transfer app Pomelo has collaborated with BBDO Guerrero to create a Christmas film campaign focused on family connections across international borders.
Pomelo Bank Transfers are the most secure in international money transfer1, giving customers the confidence to trust where their money is going.SAN FRANCISCO, Nov. 21, 2024 /PRNewswire/ -- Pomelo International, the world's first fintech company to combine credit and international money transfer, has now made sending money from the US to the Philippines even safer. With the release of their bank transfer product, Pomelo has built enhanced recipient security, so that senders in the US can trust that their money is going to the person they intended
Thunes launched a payments tool to help travelers doing business in China. The company’s new QR Code Payments solution enables foreign mobile wallets and financial institutions to directly access China’s increasingly cashless economy, according to a Tuesday (Oct. 22) press release. The country has seen a 25% reduction in ATMs over the past six years, and Forbes reported that mobile payments account for over 85% of all Chinese transactions, the release said
Pomelo and Thunes have partnered on an international money transfer solution from the United States to the Philippines. This credit-based digital wallet solution provides a remittance method that reduces costs and enables users to build their credit history in the U.S., the companies said in a Thursday (May 9) press release. The solution is enabled by Thunes’ digital wallet integration and Pomelo’s credit-powered remittance capabilities, according to the release
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Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$53.5M
Headquarters
Salt Lake City, Utah
Founded
2020
Find jobs on Simplify and start your career today