Pomelo Pay provides a payments platform that lets businesses take payments from anyone, anywhere, without hardware, and offers integrations with more than 30 payment networks. Its platform is used by banks and non-banking financial institutions to improve acquiring and offer broader payment-acceptance solutions. Launched in 2018 in the UK and Singapore and led by CEO Vincent Choi, the company has a regional headquarters in Singapore and an expanded presence across Europe and Asia. Pomelo is a Mastercard principal issuing member, authorized to issue payment cards to SME customers and make direct settlements with Mastercard. The company processed over US$500m in total payments in 2021 and projected fivefold growth by 2022. It plans to use newly raised funds to expand across global markets and to double its workforce in London, Singapore, Vietnam, Thailand and the Philippines. Pomelo Pay is a hardware-free digital payment service provider that enables businesses to take digital payments without dedicated terminals. Its system combines QR code, API and NFC technology to support in-person payments, payment links, online shops, contactless table ordering and menu makers. The company serves customers across sectors including construction and trades, food and drink, and travel and hospitality. Led by CEO and co‑founder Vincent Choi, Pomelo Pay has offices in London and Singapore and plans to expand its presence across Europe and Asia. It intends to use the £2.1m seed funds to grow its offering, expand its team and build on its international reach. In September it was selected to join Tech Nation’s Fintech 3.0 growth programme for UK fintechs.

Total raised

$13M

Funding rounds

2

Latest round

Series A

Latest activity

Nov 2021