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Pomelo (CA) Snapshot
To reinvent the money transfer experience with credit to make it refreshingly free, fast, and safe.
Pomelo is the first financial app to combine credit and money transfer into a unified experience. By extending the U.S. credit system internationally, we empower our customers to build credit while helping their family with a 100% free product. We are changing the way international money transfer works, and our mission is to reinvent the money transfer experience with credit to make it refreshingly free, fast, and safe.
We believe current remittance offerings are unfair to their customers and are counter to the future of a cashless economy. Today, sending money to relatives in other countries can be expensive (7% average transaction fee), slow (can take anywhere from hours to days), untraceable (unclear how the money is being spent), and dangerous (carrying cash in certain geographies is unsafe). Mobile money is understood to be cashless, modern, and free. To us, mobile money is also inherently social--we are connected more than ever and want loved ones to be secure. Our mission is to reinvent the money transfer experience with credit to make it refreshingly free, fast, and safe.
We believe current remittance offerings are unfair to their customers and are counter to the future of a cashless economy. Today, sending money to relatives in other countries can be expensive (7% average transaction fee), slow (can take anywhere from hours to days), untraceable (unclear how the money is being spent), and dangerous (carrying cash in certain geographies is unsafe). Mobile money is understood to be cashless, modern, and free. To us, mobile money is also inherently social--we are connected more than ever and want loved ones to be secure. Our mission is to reinvent the money transfer experience with credit to make it refreshingly free, fast, and safe.
