Argentinian Fintech Company Pomelo Completes $55 Million Series C Funding, Led by Kaszek and Others

Odaily News Argentinian fintech company Pomelo 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 primarily be used to expand its credit processing business scale in its two core markets, Mexico and Brazil, and to support the launch of credit card products denominated in global stablecoins. (Bloomberg)