Argentine fintech company Pomelo completes $55 million Series C financing

Argentine fintech company Pomelo has completed a $55 million Series C funding round, led by Kaszek and Insight Partners, with participation from Index Ventures, Adams Street Partners, S32, Endeavor Catalyst, Monashees, and TQ Ventures. Pomelo stated that the funds will be used to expand the credit processing business in the Mexican and Brazilian markets, and support the launch of credit card products denominated in global stablecoins.