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Just over five months after raising a $9 million seed funding round, Latin American fintech Pomelo announced today that it is raising $35 million in Series A financing led by Tiger Global Management. The startup was founded earlier this year to build a fintech-as-a-service platform for Latin America. Its infrastructure aims to allow fintechs and […]
Pomelo raises $9M to build a payments infrastructure for LatAm fintechs Investors include Index Ventures, monashees and a16z's Angela Strange Pomelo, a startup building a fintech-as-a-service platform for Latin America, has raised $9 million in a seed round of funding. The Buenos Aires-based startup’s new infrastructure aims to allow fintechs and embedded finance players to launch virtual accounts and issue prepaid and credit cards via “compliant” onboarding processes. The COVID-19 pandemic has accelerated the adoption of digital payments all over the world, and Latin America is no exce...