“Can combining consumer credit with zero-fee international remittance displace traditional money transfer operators for US immigrant communities sending money abroad?”
Founded in 2022 by Eric Velasquez Frenkiel, Pomelo launched as the first company to combine consumer credit and international money transfer — specifically targeting US immigrant families sending money to the Philippines. The core product is a Mastercard charge card (the Pomelo Mastercard) that lets users send money to GCash wallets or Philippine banks with no transfer fees, and pay back the balance monthly. Powered by Galileo's API platform for card processing, Pomelo has positioned its 'Remit Now, Pay Later' (RNPL) model as a direct competitor to traditional remittance services by monetizing through credit rather than transfer fees.
Pomelos Remit Now Pay's cards are issued through Galileo.
Pomelos Remit Now Pay integrates with QuickBooks Online (via Zapier integration — Pomelo Pay, a different company).
The Embedded Finance Index 2026 maps 3 layers in Pomelos Remit Now Pay's stack: Card issuing (Galileo); Lending (Remit Now Pay Later (RNPL) — revolving credit for international money transfer); Accounting (QuickBooks Online (via Zapier integration — Pomelo Pay, a different company)).
Pomelos Remit Now Pay was founded by Eric Velasquez Frenkiel and is founded in 2022, headquartered in San Francisco, California, USA.
Pomelos Remit Now Pay has raised $55M equity + $125M warehouse facility in total (latest round: Series A, April 2024).
Get a read on where your own stack stands against Pomelos Remit Now Pay 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.