{"id":750,"date":"2024-04-24T03:36:16","date_gmt":"2024-04-24T07:36:16","guid":{"rendered":"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/04\/24\/pomelo-pioneers-send-now-pay-later-concept-with-35m-series-a\/"},"modified":"2024-04-24T03:36:16","modified_gmt":"2024-04-24T07:36:16","slug":"pomelo-pioneers-send-now-pay-later-concept-with-35m-series-a","status":"publish","type":"post","link":"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/04\/24\/pomelo-pioneers-send-now-pay-later-concept-with-35m-series-a\/","title":{"rendered":"Pomelo Pioneers \u2018Send Now, Pay Later\u2019 Concept with $35M Series A"},"content":{"rendered":"<p>Pomelo is a well-known startup that merges international money transfer with credit and lately it has been in news for securing a funding of $35 million in a Series A round that was led by Dubai-based venture firm Vy Capital. The fresh funding will help the company in taking a leap and broadening its scope within the financial services sector. Apart from Vy Capital, the other noteworthy backers include Founders Fund, A* Capital and early investor Afore Capital. All these underline its confidence in its innovative approach to remittance transfer.<\/p>\n<p>The core concept of Pomelo is its \u201csend now, pay later\u201d (SNPL) model and it seamlessly integrate credit card infrastructure to facilitate rapid as well as fee-free cross-border money transfer. It has a strategic partnership with Mastercard and has carved out a niche in the remittance market. It provides user with a streamlined platform to send funds to their loved ones even as a credit. The distinctive proposition offers convenience and also empowers individuals to access instant funds. It fortifies against fraud and augments their credit history. The startup has plans to expand in Mexico.<\/p>\n<p>The fresh funding of $35 million in Series A funding is a testament to the company\u2019s potential to disrupt the financial landscape as it has innovative approach to blend money transfer and credit services. Pomelo is seeking to capitalize on the growing demand for seamless and cost-effective cross-border payments solutions. It now has a support of some leading venture firms and simultaneously a proven track record of success. With all these, the startup is well-positioned to redefine the remittance industry and empower individuals to manage their finances more efficiently.<\/p>\n","protected":false},"excerpt":{"rendered":"<div>Pomelo is a well-known startup that merges international money transfer with credit and lately it has been in news for securing a funding of $35 million in a Series A round that was led by Dubai-based venture firm Vy Capital. The fresh funding will help the company in taking a leap and broadening its scope [\u2026]<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[922,216,923,115,1,924],"tags":[10],"class_list":["post-750","post","type-post","status-publish","format-standard","hentry","category-fintech-startups","category-funding-news","category-pomelo","category-startup-news","category-top-ai-news","category-vy-capital","tag-aimastermindscourse-aimastermind-aicourses-getcertifiedinai"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pomelo Pioneers \u2018Send Now, Pay Later\u2019 Concept with $35M Series A - AI Mastermind Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/04\/24\/pomelo-pioneers-send-now-pay-later-concept-with-35m-series-a\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pomelo Pioneers \u2018Send Now, Pay Later\u2019 Concept with $35M Series A - AI Mastermind Blog\" \/>\n<meta property=\"og:description\" content=\"Pomelo is a well-known startup that merges international money transfer with credit and lately it has been in news for securing a funding of $35 million in a Series A round that was led by Dubai-based venture firm Vy Capital. The fresh funding will help the company in taking a leap and broadening its scope [\u2026]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/04\/24\/pomelo-pioneers-send-now-pay-later-concept-with-35m-series-a\/\" \/>\n<meta property=\"og:site_name\" content=\"AI Mastermind Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-24T07:36:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aimastermindscourse.com\/getcertified\/wp-content\/uploads\/2024\/01\/ai-mastermind.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"343\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"abbey4323\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@aimastermindco\" \/>\n<meta name=\"twitter:site\" content=\"@aimastermindco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"abbey4323\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/04\/24\/pomelo-pioneers-send-now-pay-later-concept-with-35m-series-a\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/04\/24\/pomelo-pioneers-send-now-pay-later-concept-with-35m-series-a\/\"},\"author\":{\"name\":\"abbey4323\",\"@id\":\"https:\/\/aimastermindscourse.com\/getcertified\/#\/schema\/person\/9ad25e00282b80219b15f1f2d0892861\"},\"headline\":\"Pomelo Pioneers \u2018Send Now, Pay Later\u2019 Concept with $35M Series A\",\"datePublished\":\"2024-04-24T07:36:16+00:00\",\"dateModified\":\"2024-04-24T07:36:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/04\/24\/pomelo-pioneers-send-now-pay-later-concept-with-35m-series-a\/\"},\"wordCount\":284,\"publisher\":{\"@id\":\"https:\/\/aimastermindscourse.com\/getcertified\/#organization\"},\"keywords\":[\"#aimastermindscourse #aimastermind #aicourses #getcertifiedinai\"],\"articleSection\":[\"Fintech startups\",\"Funding News\",\"Pomelo\",\"Startup news\",\"Top AI News\",\"Vy Capital\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/04\/24\/pomelo-pioneers-send-now-pay-later-concept-with-35m-series-a\/\",\"url\":\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/04\/24\/pomelo-pioneers-send-now-pay-later-concept-with-35m-series-a\/\",\"name\":\"Pomelo Pioneers \u2018Send Now, Pay Later\u2019 Concept with $35M Series A - 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