Pomelo - Revolutionizing Card Issuing and Processing in Latin America
Pomelo revolutionizes card issuing and processing infrastructure in Latin America, enabling banks and fintechs to launch cards quickly across countries with seamless API integration, backed by strong support from major brands and significant funding.
Latin America still runs cards on yesterday’s plumbing.
Pomelo is building the modern layer underneath it. It sells card issuing and processing infrastructure to banks, fintechs, and big consumer brands that want to launch cards fast across multiple countries without stitching together a different processor in every market.
The product is API-first, so a team can spin up debit, credit, or prepaid programs, manage fraud and disputes, and reconcile at scale. The business model is the unsexy one that wins: platform fees plus usage-based revenue tied to active cards and transaction volume.
Pomelo was founded in Buenos Aires in 2021 by Gastón Irigoyen, Hernán Corral, and Juan Fantoni. Irigoyen previously ran cards and digital accounts at Mercado Pago, which is exactly the kind of “I have seen the pipes break” background you want for infra.
They now say they support 150+ customers, including names like Santander, BBVA, Bancolombia, Western Union, Rappi, and Stori. That mix matters. It signals Pomelo is not just powering shiny new fintechs, it is also getting through bank procurement.
In February 2026, Pomelo announced a $55M Series C co-led by Kaszek and Insight Partners, with participation from Index Ventures and others, bringing total funding to about $160M. FinBox Solutions picked Pomelo because LatAm demand is obvious, but the hard part is reliability, compliance, and uptime across jurisdictions, and infra companies that nail that get paid for a long time.
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If you were launching cards in Mexico and Brazil this year, would you build around one regional processor, or go country-by-country and accept the integration tax?
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