Pomelo, a payments infrastructure platform focused on Latin America, has announced a fresh funding round as it looks to broaden its product suite and deepen its reach across the region.
The company said it has raised US$55m in a Series C round co-led by Kaszek and Insight Partners, with participation from Index Ventures, Adams Street Partners, S32, Endeavor Catalyst, monashee, and TQ Ventures.
Pomelo positions itself as a modern technology stack for firms that need to issue and manage payment products, targeting banks, large corporates and fast-growing FinTechs across Latin America.
The business says it now operates across the continent, processing billions of dollars in payments volume, while pointing to strong customer retention and satisfaction as indicators of product-market fit.
With the new capital, Pomelo said it plans to strengthen its card issuance and credit card capabilities, while accelerating development across additional payment “rails” and methods. Its roadmap includes expanding global product offerings such as a native global stablecoin card, payment tokenisation, and AI-powered chargeback management, alongside the creation of new business units focused on modern payment methods.
The company framed the raise as the start of a new growth phase, aimed at expanding beyond its existing footprint and adding global products designed for the complexity of Latin American markets and regulatory environments.
Kaszek Co-Founder & Managing Partner Nicolás Szekasy said, “ Pomelo is redefining the payments infrastructure in Latin America. The vision of the founding team, the robustness of its technology, the quality of its execution, and its strong traction with major players in the financial system were key factors in our decision to co-lead this round and double down on our commitment to its growth.”
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