Pomelo announced it closed a $55 million Series C round on January 20, 2026, saying the new capital will accelerate its payments roadmap and support expansion beyond Latin America. The company framed the raise as a catalyst for scaling credit-processing and launching stablecoin-based and real-time payment solutions.
The round was co-led by Kaszek and Insight Partners and lifts Pomelo’s total equity raised to $158 million, according to the company’s figures. The funding is positioned as a growth enabler tied to product breadth and cross-border execution rather than a balance-sheet backstop.
Where Pomelo Says the Money Will Go
Pomelo said the Series C builds on a $35 million Series A and a $40 million Series B, and it highlighted an existing $75 million warehouse facility established at Series A as part of its operating toolkit. Executives and investors described the new capital as targeted to product expansion and cross-border capability-building.
The company outlined clear priorities, including expanding credit-processing operations in Mexico and Brazil, its largest markets. This emphasis signals that near-term scaling is anchored in the markets where Pomelo already has operational weight.
Pomelo also said it plans to support the launch of a global credit card denominated in stablecoins and to develop agentic and real-time payment systems designed for cross-border operation. These product ambitions broaden Pomelo’s scope from a regional credit-first model into a more generalized payment infrastructure play.
The firm also referenced using existing warehouse financing to bolster transactional capacity, tying the equity raise to throughput and product execution. In operational terms, the message is that equity and structured financing are being paired to support scale and reliability.
Pomelo’s co-founder and CEO, Gastón Irigoyen, said the investment reinforces its regional position and supports building “disruptive technologies” in payments, while Kaszek’s Nicolas Szekasy highlighted the company’s traction and technology in explaining the backing. The quoted positioning frames the round as both validation of current performance and underwriting for a broader platform strategy.
What Changes as the Scope Expands
The move toward a stablecoin-denominated card and agentic real-time rails signals a shift from Pomelo’s original credit-based remittance framing toward broader payment infrastructure. That shift increases execution complexity and expands the compliance surface as products and flows extend across jurisdictions.
Investors and treasury teams will watch delivery rather than slogans, focusing on the stablecoin card rollout and scaling progress in Mexico and Brazil. Those milestones will be the practical test of whether Pomelo can convert credit-first remittances into globally relevant payment rails.
