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Pomelo raises $9M to build a payments infrastructure for LatAm fintechs

Argentina based fintech-as-a-service platform for Latin America raised $9m in Seed funding led by Index Ventures and monashees.

“We know from previous experiences…that building a fintech, and particularly issuing cards, in Latin America is a real nightmare,” said Pomelo co-founder and CEO Gaston Irigoyen. “It takes anywhere from 12 to 18 months to launch a simple prepaid card, and unfortunately companies have to go through the painful experience of repeating the process in every market where they operate.”

Tags

fintech as a service, latin america