When was Pomelo founded?

Pomelo was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Pomelo located?

Pomelo is headquartered in San Francisco, United States.

Who is the current CEO of Pomelo?

Eric Velasquez Frenkiel of Pomelo. They have also founded 1 company.

How many employees does Pomelo have?

As of Aug 31, 2026, the latest employee count at Pomelo is 22.

Is Pomelo a funded company?

Pomelo is a funded company, having raised a total of $60M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 12, 2021.

How much is Pomelo worth?

The last known valuation of Pomelo was $***** as of Jan 08, 2026.

When was the latest funding round of Pomelo?

Pomelo's latest funding was a $***** Series A round on Apr 22, 2024, with participation from 3 investors.

Where does Pomelo rank among its competitors?

Pomelo ranks 11th amongst 509 active competitors, of which 62 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was LemFi, which secured an undisclosed amount in May, 2026.

Who are the top competitors of Pomelo?

Pomelo's top competitors include Chipper Cash, YouTrip and LemFi. Among them, LemFi secured the most recent funding round in May, 2026.

Pomelo - 2026 Company Profile, Team, Funding & Competitors

Pomelo is an acquired company based in San Francisco (United States), founded in 2019 by Eric Velasquez Frenkiel. It operates as an Online cross-border remittance platform for individuals. Pomelo has raised $60M in funding from investors like The Weeknd, Xfund and Afore Capital, with last known valuation of $*****. The company has 509 active competitors, including 62 funded and 14 that have exited. Its top competitors include companies like Chipper Cash, YouTrip and LemFi.

Company Details

Online cross-border remittance platform for individuals. It enables users to send and receive money globally using virtual and physical payment cards. It also features send now, and pay later options enabling users to send money internationally on credits, and the receivers are provided with money via the account and payment cards. Application is made available on Android and iOS platforms.

Website: pomelo.com
Social
Email ID: *****@pomelo.com

Key Metrics

Founded Year

2019

Location

San Francisco, United States

Stage

Acquired

Total Funding

$60M in 4 rounds

Latest Funding Round

Series A, Apr 22, 2024, $*****

Last Known Valuation

$***** as on Jan 08, 2026

Investors

The Weeknd & 12 more

Ranked

11^th among 509 active competitors

Employee Count

22 as on Aug 31, 2026

Similar Companies

Chipper Cash & 421 more

Exit Details

Acquired by Zepz (Feb 01, 2026)

View Pomelo's full profile

Pomelo is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
POMELO INTERNATIONAL, INC. CIN: 198629090 , United States, Active	Jun 27, 2022	-	-	-
POMELO INC CIN: 5907718 , United States, Active	Jan 04, 2021	-	-	-
Pomelo CIN: 40203402495 , Latvia, Active	May 25, 2022	€0 - €1M (As on Dec 31, 2024)	1 (As on Dec 31, 2023)	-
Pomelo, Inc. CIN: 51-6018014 , United States, Active	Dec 31, 2018	-	-	-

Pomelo got acquired by Zepz on Feb 01, 2026.

Click here to take a look at Pomelo's acquisition in detail

Pomelo has raised a total funding of $60M over 4 rounds. Its first funding round was on Oct 12, 2021. Its latest funding round was a Series A round on Apr 22, 2024 for $*****. 3 investors participated in its latest round. Pomelo has 9 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Pomelo:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 22, 2024	9137181	Series A	9539824	8120012	4373910	3984535
Aug 16, 2022	2006070	Conventional Debt	2091638	6804487	7717862	Keith Rabois & 6 more
Aug 16, 2022	4495602	Seed	4903768	9398780	Keith Rabois & 1 more	Afore Capital & 4 more

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View details of Pomelo's funding rounds and investors

The founders of Pomelo is Eric Velasquez Frenkiel. Eric Velasquez Frenkiel is the CEO of Pomelo.

Here are the details of Pomelo's key team members:

Eric Velasquez Frenkiel: Founder & CEO of Pomelo.
Contact Info: 1 email address

View details of Pomelo's Founder profiles and Board Members

Pomelo's employee count trend

Pomelo has 22 employees as of Aug 26. Here is Pomelo's employee count trend over the years:

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Top competitors of Pomelo include Chipper Cash, YouTrip and LemFi. Here is the list of Top 10 competitors of Pomelo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Chipper Cash 2018, San Francisco (United States), Series C	Cross-border remittance platform for individuals	$305M	Deciens Capital, Raptor Group & 45 others	77/100
2nd	YouTrip 2018, Singapore (Singapore), Series B	NFC-enabled travel cards and multi-currency wallet transfer service for travelers	$106M	Lightspeed Venture Partners, Insignia Ventures Partners ... Read more	75/100
3rd	LemFi 2020, London (United Kingdom), Series B	Provider of global money transfer and multi-currency wallet services	$86.9M	Highland Europe, Global Founders Capital ... & 13 others	74/100
4th	PaySend 2015, Valletta (Malta), Series B	Provider of international money transfer services enabling fast, low-cost cross-border payments	$252M	Mastercard, GVA & 12 others	73/100
5th	bKash 2011, Dhaka (Bangladesh), Series C	Mobile financial services and payment system for consumers	$261M	SoftBank Vision Fund, Alipay & 3 others	73/100
6th	nsave 2022, London (United Kingdom), Series A	Multi-currency accounts and investment service provider	$22.5M	TQ Ventures, Y Combinator & 10 others	71/100
7th	Taptap Send 2018, London (United Kingdom), Series B	App-based digital wallet for cross-border money transfers	$80M	Spark Capital, Canaan & 14 others	69/100
8th	Sling Money 2022, Dover (United States), Series A	Fintech platform providing a global payment solution	$20M	Ribbit Capital, Union Square Ventures & 2 others	68/100
9th	Travel Wallet 2018, Seoul (South Korea), Series C	Provider of multi-currency payment cards and related digital financial services	$31.3M	Kakao Ventures, Smile Gate Investment & 14 others	68/100
10th	Telcoin 2013, Los Angeles (United States), Seed	Wallet-enabled cross-border payment solution for consumers	$35M	East Ventures, Skyblock Capital & 5 others	67/100
11th	Pomelo 2019, San Francisco (United States), Acquired	Online cross-border remittance platform for individuals	$60M	Xfund, Kayak Ventures & 11 others	66/100