Eduardo Moore’s Post

🚨Pomelo raises $40m in a Series B round led by KASZEK 🚨 Pomelo just raised $40M to scale its payments infra business in LatAm for an undisclosed valuation. All you need to know: 📈 Series B Funding: $40 million. 🌐 Expansion Goals: Focusing on scaling its payments infrastructure across Latin America, doubling down on Brazil and Mexico. 💳 Innovative Solutions: Specializing in virtual accounts and card issuing (prepaid, debit, and credit cards). 🌎 Going Global: Now serving multiple countries with a cost-effective, single technological integration. 💼 Over 100 Corporate Clients: Including major banks and startups like Rappi and Bitso. 📊 Impressive Growth: 200% revenue increase in 2023 and processing capacity of 55 million transactions per day! 🤝 Strong Backing: Funding led by KASZEK with participation from monashees, Index Ventures, and more. 📌 Next Steps: Doubling down on markets like Brazil, Mexico, and Colombia. Congratulations for the amazing work Gaston Irigoyen, Hernan Corral, Juan Fantoni and team! --- Read my newsletter for more news updates, insights, and the best #fintechreport , in comments👇 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Edu! [ 𝗹𝗶𝗸𝗲, love, insightful ] #fintech #pomelo #latam #B2B #paymentsinfrastructure #BaaS #bankingasaservice