Pomelo raises $9M to build a payments infrastructure for LatAm fintechs
Investors include Index Ventures, monashees and a16z s Angela Strange
Pomelo, a startup building a fintech-as-a-service platform for Latin America, has raised $9 million in a seed round of funding.
The Buenos Aires-based startup’s new infrastructure aims to allow fintechs and embedded finance players to launch virtual accounts and issue prepaid and credit cards via “compliant” onboarding processes.
The COVID-19 pandemic has accelerated the adoption of digital payments all over the world, and Latin America is no exception. While the majority of transactions are still done in cash, there are still over a billion cards in the region.
Stone, who co-founded Twitter with chief executive officer Jack Dorsey in 2006, is the latest tech executive to publicly question whether social media companies have too much power when it comes to policing people online. Pixabay
Twitter Inc co-founder Biz Stone believes the social media company made the right decision when it banned then-President Donald Trump from its service in January, but that doesn’t mean he’s comfortable with it.
“It’s a scary amount of power,” Stone said during an interview for the Collision Conference on Thursday. “The CEO of a company in San Francisco can quiet the president of the United States. He is not elected, nothing like that, and yet that had a major impact.”
Twitter tiene cantidad aterradora de poder , dice cofundador | ECONOMIA gestion.pe - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gestion.pe Daily Mail and Mail on Sunday newspapers.