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 Jun 30, 2026, the latest employee count at Pomelo is 24.

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 1st amongst 6 active competitors, only 1 of which is funded. Pomelo, which secured $35M in Apr, 2024.

Who are the top competitors of Pomelo?

Pomelo's top competitors include TNG Wallet, Epay and PhiliPurse. Among them, Pomelo secured the most recent funding round in April, 2024.

Pomelo - 2026 Company Profile, Team, Funding & Competitors

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

1^st among 6 active competitors

Employee Count

24 as on Jun 30, 2026

Similar Companies

Chipper Cash & 400 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	Documents
Pomelo CIN: 40203402495 , Latvia, Active	May 25, 2022	€0 - €1M (As on Dec 31, 2024)	1 (As on Dec 31, 2023)	-
POMELO INTERNATIONAL, INC. CIN: 198629090 , United States, Active	Jun 27, 2022	-	-	-
Pomelo, Inc. CIN: 51-6018014 , United States, Active	Dec 31, 2018	-	-	-
POMELO INC CIN: 5907718 , United States, Active	Jan 04, 2021	-	-	-

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	1732054	Series A	3073212	5494127	3646017	5475240
Aug 16, 2022	5501293	Seed	4905058	7764762	9668572	Afore Capital & 4 more
Aug 16, 2022	5873560	Conventional Debt	2532686	1134839	1526655	Keith Rabois & 6 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 24 employees as of Jun 26. Here is Pomelo's employee count trend over the years:

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Top competitors of Pomelo include TNG Wallet, Epay and PhiliPurse. 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	Pomelo 2019, San Francisco (United States), Acquired	Online cross-border remittance platform for individuals	$60M	Vy Capital, Xfund & 11 others	63/100
2nd	TNG Wallet 2013, Hong Kong (China), Series A	NFC-enabled and card-linked wallet for consumers	$115M	Beijing Lianchuang Yongxuan Investment Management Group, Nogle ... & 2 others	55/100
3rd	Epay 2014, Hong Kong (China), Unfunded	Cross-border remittance solution for businesses	-	-	51/100
4th	PhiliPurse 2016, Hong Kong (China), Unfunded	Open wallet with remittance service	-	-	24/100
5th	Taozixiong Fintech 2021, Shenzhen (China), Unfunded	Provider of a digital platform offering virtual credit cards with multiple currency options for cross-border businesses	-	-	24/100
6th	KDPay Hong Kong (China), Unfunded	Wallet solution for cross-border money transfers	-	-	23/100
7th	Most Pro International 2018, Hong Kong (China), Deadpooled	Cross-border money transfer platform	-	-	15/100
8th	Asan Wallet 2016, Hong Kong (China), Deadpooled	Cross border money transfer app	-	-	15/100
9th	Lvey Money 2016, Hong Kong (China), Deadpooled	Mobile application for foreign exchange service.	-	-	15/100