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Argentine fintech company Pomelo completes $55 million Series C funding, led by Kaszek and others
Odaily Planet Daily reports that Argentine fintech company Pomelo has announced the completion of a $55 million Series C funding round. This round was led by Kaszek and Insight Partners, with participation from Index Ventures, Adams Street Partners, S32, Endeavor Catalyst, Monashees, and TQ Ventures.
Pomelo stated that the funds from this round will mainly be used to expand its credit processing business in the two core markets of Mexico and Brazil, and to support the launch of a credit card product denominated in global stablecoins. (Bloomberg)