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).
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
2
regulatory licences held by Pomelo
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Pomelo’s embedded-finance stack
Payments / PSP
Pomelo Issuer Processing (self-operated)Pomelo BIN Sponsorship (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Ledger
in the full report
Lending
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: minor
11 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.