Pomelo Scoops Up $110M
Summary
SAN FRANCISCO, CA, Pomelo announced a Series A of $35 million in venture capital and a $75 million expansion of its warehouse facility. Pomelo, the first consumer fintech to enable international money movement with consumer credit, announced a Series A of $35 million in venture capital and a $75m expansion of its warehouse facility from Vy Capital, Founders Fund, and A* Capital. This brings total funds raised to date to $55m in equity capital and $125m for its warehouse facility. Pomelo is the first financial technology platform that combines international money movement and consumer credit and offers a remittance product that enables customers to send funds immediately with either a secured or unsecured credit line. (c) by Massinvestor, Inc. For contact info, please check out our about page.