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Stock impact report

Argentine payments firm Pomelo lands $55m Series C investment [Yahoo! Finance]

Western Union Company (The) (WU) 
Last western union company (the) earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Additional backing came from existing and new investors including Index Ventures, Adams Street Partners, S32, Endeavor Catalyst, Monashees and TQ Ventures. The latest round brings the company's total capital raised so far to $160m. Pomelo will use the new capital to move beyond its core focus on card issuing, further develop issuing and credit card products, and build globally scalable financial services tools. These include stablecoin-native cards, payment tokenisation capabilities, AI-driven chargeback management and new payment rails. Established in 2021 by Gastón Irigoyen, Hernán Corral and Juan Fantoni, Pomelo develops API-first technology for card issuing, processing and programme management on a fully cloud-native, AI-enabled platform. Its issuer processing and BIN sponsorship services enable customers to roll out card programmes using either Pomelo's own network licences or the client's existing licences. The company's modular, API-based infrastructure is designed Show less Read more
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