On January 22, Pomelo, a fintech company headquartered in Argentina, completed a $55 million Series C financing round led by Kaszek and Insight Partners, aiming to deepen its presence in the Latin American market and expand its global business.

The funds will be used to expand its credit card payment processing business in Mexico and Brazil, and to launch a global credit card settled with the stablecoin USDC. Pomelo also plans to develop a cross-border real-time and intelligent proxy payment system to serve traditional banks and large international clients. Current partners include Visa, Mastercard, Binance, Western Union, and others.