“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?”
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).
Pomelo discloses Pomelo (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Pomelo does not disclose a bank charter of its own; its banking services are provided through Pomelo (in-house).
Pomelo processes payments through Pomelo Issuer Processing (self-operated) and Pomelo BIN Sponsorship (self-operated).
Pomelo's cards are issued through Pomelo (in-house, Visa & Mastercard principal member via BIN Sponsorship).
Pomelo's lending and capital products are provided by Pomelo Credit Core (in-house).
Pomelo runs its ledger on Pomelo Credit Core / Balance Authorizer (in-house).
Pomelo uses Pomelo Remittances (self-operated) for FX and cross-border payouts.
Pomelo's crypto products run on Pomelo (in-house) — stablecoin-native global card.
The Embedded Finance Index 2026 maps 8 layers in Pomelo's stack: Payments / PSP (Pomelo Issuer Processing (self-operated) and 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 rules, Credit Core / Credit Lines (V1 & V2), Available Plans and 2 others); FX & payouts (Pomelo Remittances (self-operated)); Crypto (Pomelo (in-house) — stablecoin-native global card); Spend / AP (Pomelo Corporate Cards (self-operated)).
Pomelo was founded by Gastón Irigoyen, Hernán Corral and Juan Fantoni and is founded in 2021, headquartered in Buenos Aires, Argentina.
Pomelo has raised $160M (equity, through Series C) in total (latest round: Series C, January 2026).
Get a read on where your own stack stands against Pomelo and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.