# Pomelo Pay

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

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.pomelopay.com
- Total disclosed funding: $7.5M
- Latest round: Series A (Oct 28, 2021)
- Investors on record: 2

## About

Based in London, United Kingdom, and co-founded by Vincent Choi (CEO) in 2017, Pomelo Group Ltd formerly known as Appfleet Ltd doing business as Pomelo Pay operates as a fintech company that develops mobile applications for digital payments. In October 2021, the firm raised GBP 4.2 million in series A funding led by investor Inference Partners, with participation from other investor Force Over Mass Capital. The firm as of July 2023 is supporting over 7 countries with more than 2000 businesses signed up and more than 35 accepted payment methods.

The company offers a business-to-business (B2B) mobile application platform providing payment solutions in the financial ecosystem, allowing businesses to take payments and track sales in one place. Pomelo Pay's platform offers multiple solutions to cater to various payment needs including QR code payments, online shop to set up an online shop in minutes, listing their product online and get paid, payment links to request payments via links in Flash, connecting API for transaction from any 3rd party software, and tap to pay, a contactless payment solution with a single tap on the mobile phone. The other services offered by Pomelo are contactless table ordering where users can access the online menu by scanning the QR code of Pamelo’s client restaurants, and a menu maker tool for restaurants.

The company generates its revenue by charging a 1.49% fee per transaction, eliminating the need for separate card machines or long-term contracts.

## Funding rounds

- Series A, Oct 28, 2021, $5.8M — Force Over Mass Capital, Inference Partners
- Seed, Oct 30, 2020, $1.7M — Force Over Mass Capital

## Investors

- Force Over Mass Capital (https://capitalatlas.ai/funds/force-over-mass-capital) — Seed, Series A
- Inference Partners (https://capitalatlas.ai/funds/inference-partners) — Series A