← State of Embedded Finance 2026

Pomelo

Can a regional, API-first issuer processor become the default card and account infrastructure for every fintech, bank, and embedded-finance program in Latin America?

Founded2021
HQBuenos Aires, Argentina
FoundersGastón Irigoyen, Hernán Corral, Juan Fantoni
Total raised$160M (equity, through Series C)
Latest roundSeries C, January 2026
IndustryInfrastructure / Card issuing
The story

Pomelo launched in 2021 to give LatAm fintechs and embedded finance players a single API to issue cards and open virtual accounts with built-in compliance. Started with prepaid in Argentina in 2022, then expanded to credit, debit, BIN sponsorship, and processor-replacement use cases across the region. With the 2026 Series C the company is moving up the stack into stablecoin-native global cards and crypto/stablecoin payments — positioning itself as LatAm's full-stack issuing infrastructure (the regional Marqeta/Galileo).

Last 12 months
2026-01
Product timeline
2021
Founded in Buenos Aires by Gastón Irigoyen, Hernán Corral, and Juan Fantoni to build card-issuing infrastructure for LatAm fintechs.· founding
2022
Launched first customer with prepaid card issuing in Argentina.· card
2024
$40M Series B led by Kaszek; expanded to credit, debit, and prepaid issuing across multiple LatAm countries.· funding
2026
$55M Series C; announced stablecoin-native global card offering.· card
Regulated entities
Non-Banking Payment Card Issuer
Chile
Pomelo Tech Chile S.A.
Fintech Services
Argentina
Pomelo Fintech Services S.A.S.
The stack
Payments / PSP
Pomelo Issuer Processing (self-operated)Pomelo BIN Sponsorship (self-operated)
Banking / BaaS
Pomelo (in-house)
Card issuing
Pomelo (in-house, Visa & Mastercard principal member via BIN Sponsorship)
Ledger
Pomelo Credit Core / Balance Authorizer (in-house)
Lending
Pomelo Credit Core (in-house)Credit Card products with configurable limits, billing cycles, and risk rulesCredit Core / Credit Lines (V1 & V2)Available PlansStatementsCharges
FX & payouts
Pomelo Remittances (self-operated)
Crypto
Pomelo (in-house) — stablecoin-native global card
Accounting gap: minor