Data Lead, Pomelo
4 days a week in office
Fee-free international remittances
Open for applications
Fee-free international remittances
21-100 employees
Open for applications
4 days a week in office
21-100 employees
Company mission
To reinvent the money transfer experience with credit to make it refreshingly free, fast, and safe.
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Company mission
To reinvent the money transfer experience with credit to make it refreshingly free, fast, and safe.
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Our take
Pomelo is the newest in a growing cadre of fintech startups of the same name. This Pomelo is looking to make international payments cheaper and more useful to the citizens sending billions home in remittances from the US each year.
With Pomelo users can instantly transfer cash to up to 4 international cards in the form of credit, and control and monitor spending on them. Alongside rapid international payment, this helps those typically excluded from financial systems to begin to build up a credit score - and options are available for those with neither a credit score nor a credit history to begin with.
This gives Pomelo an undeniably attractive edge over the numerous competitors in the space. None of Pomelo’s popular rivals like Xoom, Remitly, and WorldRemit offer this credit-building option, even though many remittance senders are underbanked. Plus, whilst competitors are engaged in a costly race-to-the-bottom on transfer fees, Pomelo charges precisely none: it makes money from interchanges, not transfers.
Pomelo has only just emerged from stealth, but its strong differentiation and potentially massive market appeal could see it become a real disruptor.
Kirsty
Company Specialist
Benefits
- Semi-annual company meetups, covered by the company. This gives our remote workforce the opportunity to spend time and build in-person relationships with their colleagues
- $1,500 travel perk that covers plane tickets anywhere and $300 health perk
- $500 to improve your home office, separate from things like a computer and a smart whiteboard, which the company covers
- 100% of your healthcare is covered by the company and 50% of all dependents
- 15 days PTO plus national holidays in first year, and 20 days PTO plus national holidays in year two
Company values
- Earn the trust of our customers: As a startup, our customers come first, and as a fintech startup, their trust in us is paramount. We don’t take the opportunity to serve them for granted
- Be relentless: Startups are hard and filled with adversity. We persevere through challenges, focus on impact, and strive to always be shipping, learning, and improving
- Integrity in every language: We strive to always do what’s right, both for ourselves and for our customers around the globe
- Show your work: Successful teams run on trust, and proactive transparency builds trust. We love holding ourselves accountable by openly sharing our progress, and we love empowering engineers by openly sharing business context. We also document extensively, to help us work remotely more effectively
- Leadership at every level: We want every engineer to own whole problems and feel empowered to go wherever those problems take them. We also aim to lift others up and make others better
Funding (2 rounds)
Apr 2024
$35m
SERIES A
Aug 2022
$20m
SEED
Total funding: $55m
This company has top investors
Founders
A Stanford graduate who worked in Product at Marin Software, and then as a Partner Engineer at Facebook. Subsequently founded and served as CEO at database platform SingleStore.
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