# Pomelo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pomelo-2

- Industry: Financial Services
- Headquarters: San Francisco, US
- Total disclosed funding: $60M
- Latest round: Series A (Apr 22, 2024)
- Investors on record: 7

## About

Founded in 2020 and based in California, US, Pomelo Group USA, Inc. doing business as Pomelo, Inc., operates as a provider of financial services that offers credit and international money transfers. The company also offers a pomelo card powered by the Mastercard network. As of 2024, the company has partnered with companies like Mastercard and Coastal Community Bank. ?In?January 2026,?Zepz acquired Pomelo from? Xfund, Afore Capital, Weekend Fund, The Chainsmokers, Founders Fund, Vy Capital, and A* Capital. Financial terms of the transaction were not disclosed.

The company offers a mobile application platform that provides international money transfer and consumer credit services, allowing users to send money abroad while also accessing credit through the Pomelo Mastercard®.

The company also provides the Pomelo Pay Later Plan, which allows consumers to pay with credit without incurring transfer fees, cash advance fees, credit card surcharges, or an annual percentage rate (APR).

The acquisition aims to expand its services beyond remittances into credit and card-based products.

## Funding rounds

- Series A, Apr 22, 2024, $35M — Founders Fund, Vy Capital, Afore Capital, A* Capital
- Seed, Aug 16, 2022, $20M — Xfund, Afore Capital, Weekend Fund, The Chainsmokers
- Seed, Oct 12, 2021, $5M — Xfund, Afore Capital

## Investors

- Xfund (https://capitalatlas.ai/funds/xfund) — Seed
- Afore Capital (https://capitalatlas.ai/funds/afore-capital) — Seed, Series A
- Weekend Fund (https://capitalatlas.ai/funds/weekend-fund) — Seed
- The Chainsmokers — Seed
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- Vy Capital (https://capitalatlas.ai/funds/vy-capital) — Series A
- A* Capital — Series A