It's official. We are thrilled to announce that we have raised a total of $10 million in a Series A round led by Inference Partners.
The investment will allow Pomelo Pay to expand its presence across global markets including Europe and Asia, starting with plans to double the workforce in London, Singapore, Vietnam, Thailand, and the Philippines.
CEO and Co-founder, Pomelo Pay, Vincent Choi said, "This investment from Inference Partners comes at an opportune time where businesses in Southeast Asia have become accustomed to selling on digital platforms. We plan to capitalise on the huge pace of growth and adoption by partnering banks and NBFIs from emerging markets to offer merchants easy and affordable payment solutions to help them innovate their business and grow their customer base."
Endre Sagi, Managing Partner, Inference Partners, added, "Pomelo is perfectly positioned to address the market need for a best-in-class API first platform, allowing leading banks and NBFIs to seamlessly adopt the latest payments infrastructure. Pomelo's senior management's long-term vision and deep payments expertise is particularly impressive, and I believe Pomelo has potential to be a leader in the payments industry."
The announcement has also sparked interest across the Fintech industry, featuring in Yahoo and many other outlets, including Deal Street Asia, Acrofan, Private Equity Wire.
If you are interested in finding out how Pomelo Pay can help your business, get in touch with our dedicated team today.
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