Pomelo is a leader in financial technology for the issuance, processing, and management of the card business in Latin America. Pomelo creates world-class financial infrastructure that enables any company—whether a bank, retailer, or fintech—to quickly and securely launch credit, debit, or prepaid cards, adhering to the highest security standards.
Pomelo’s Inception Story
Since its inception, Pomelo has expanded to six countries, including Mexico, Argentina, Brazil, Chile, Colombia, and Perú. Each country presents its regulatory challenges, but a primary focus is the opportunity for Pomelo in Mexico. With opportunities to enhance financial inclusion and modernize its payment systems, Mexico stands to benefit significantly from Pomelo's innovative card solutions.
The inspiration behind Pomelo came from the challenges faced by its founders, who previously worked at prominent Latin American FinTechs like Mercado Pago and Naranja X.
It was then they realized that launching financial services in Latin America is much more difficult compared to regions like Europe, where scaling across countries is simpler.
Expanding across Latin America
Ray Guerrero, the Country Manager of Pomelo in Mexico, has spent over a decade in the FinTech space. Before joining Pomelo, he worked at Mercado Pago, one of Latin America’s biggest fintech companies. There, he led several major products, including credit and debit card offerings, remittances, and cash services. His expertise in payments and remittances led to a deep understanding of the complexities of launching financial products in Mexico and the region.
I was responsible for launching credit and debit cards in Mexico, and I was suffering from the many frustrations Pomelo is now solving. Much of the complexity stems from obsolete technology and fragmented financial systems in each country. The opportunity to build an infrastructure that addressed these problems on a regional scale, allowing fintech to expand more easily across Latin America. - Ray Guerrero (Country Manager, Mexico)
Pomelo: Providing Efficient Card Issuing
Pomelo is changing how legacy players, banks, and fintech companies launch credit and debit cards, significantly reducing the time required compared to traditional methods.
Ray, country manager of Mexico at Pomelo, highlighted the stark difference. “I mentioned my experience and when I was working on Mercado Pago, the standard for launching a credit or debit card was 18 to 24 months… at Pomelo we have been able to launch a credit card in 11 days."
But How…
