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

Thunes, a global money movement innovator, has joined forces with Pomelo, a pioneering credit-powered remittance company and credit card issuer, to introduce a groundbreaking international money transfer solution from the United States to the Philippines. This strategic partnership transforms the way remittances are handled via Thunes’ digital wallet integration, reducing costs and connecting families in new ways.Pomelo disrupts traditional remittance methods: instead of transferring money through money transfer operators or banks, Pomelo underwrites each of its customers to provide a credit line to fund their remittance transfers while simultaneously building their credit history in the United States. This innovation makes Pomelo the first financial technology solution to enable a more proactive take on cross border money transfer in the global remittance market. Pomelo does this by providing user’s families continued access to a line of credit to spend, while the primary user pays the bill on a monthly cadence.Card holders can immediately transfer their Pomelo credit line into the recipient’s GCash digital wallet via Thunes’ extensive network. According to GlobalData’s 2023 research, 88% of Filipinos have used digital wallets in the last year, with 89% using the GCash brand.In addition to sending directly to digital wallets like Gcash, the Pomelo cardholder can support up to three family members or friends anywhere in the world. This innovative business model provides both payees and recipients access to highly competitive exchange rates and reduces money transfer costs

Pomelo raised $35M in Series A funding and expanded its warehouse facility by $75M, totaling $55M in equity and $125M for the facility. Investors include Vy Capital, Founders Fund, and A* Capital. Recognized in Notable Capital’s Innovation 50 List for 2024, Pomelo enhances the $650B remittance industry by allowing customers to build credit with remittance funds. It launched in 2022, targeting the Philippines first, and recently added GCash as a payment option, benefiting its users.

Pomelo, a fintech startup, secured $35M in Series A funding and expanded its warehouse facility by $75M to enhance its credit-based remittance services. The company aims to grow its "Send Now, Pay Later" model, starting with Mexico, using blockchain and AI. This move is part of Pomelo's strategy to disrupt the remittance industry by making cross-border transactions more accessible and affordable.

Pomelo raised a $35M Series A and expanded its warehouse facility by $75M, totaling $55M in equity and $125M for the warehouse. Recognized in Notable Capital’s Innovation 50 List for 2024, Pomelo enhances the $650B remittance industry by allowing customers to build credit with international transfers. Initially launched in the Philippines, it now offers fund transfers to GCash, benefiting both senders and recipients by facilitating easier access to remitted funds and credit history building.

Pomelo, a San Francisco, CA-based consumer fintech to enable international money movement with consumer credit, raised $35M in Series A in venture capital and a $75M expansion of its warehouse facility.

Pomelo, a startup offering international money transfers with credit, raised $35M in a Series A round led by Vy Capital and Founders Fund, reaching $55M in equity and $125M for its warehouse facility. The "Send Now, Pay Later" service, launched in the Philippines in 2022, partners with Mastercard. Key investors include A* Capital and Afore Capital.