Pomelo Secures $55 Million in Series C Funding to Expand Credit Processing in Latin America

Argentinian fintech company Pomelo has successfully raised $55 million in a Series C funding round. According to Foresight News, the round was led by Kaszek and Insight Partners, with participation from Index Ventures, Adams Street Partners, S32, Endeavor Catalyst, Monashees, and TQ Ventures. The funds will be utilized to expand Pomelo's credit processing operations in Mexico and Brazil, its two key markets, and to support the launch of credit cards denominated in global stablecoins.