Pomelo Pay secures £2.1m seed investment led by Force Over Mass
Force Over Mass leads a £2.1m seed round in Pomelo Pay to support team expansion and international growth.
Pomelo Pay provides digital payment infrastructure allowing banks and financial institutions to modernise transaction services. The company connects merchants to over 30 payment networks globally.
Pomelo Pay has secured £2.1m in a seed funding round led by Force Over Mass. The digital payments start-up will direct the capital towards expanding its team and broadening its international presence across Europe and Asia.
The company has experienced sustained growth as merchants increasingly adopt cashless transaction methods to navigate challenging economic conditions. Its technology allows businesses to accept payments via QR codes and payment links without requiring dedicated hardware terminals.
The fresh funding follows the company's selection for Tech Nation's Fintech 3.0 growth programme earlier in the autumn. Management intends to use the injection of capital to scale operations and further develop its product offering.
From the founder
"We appreciate from our diverse client base that it has been a challenging year for businesses across a huge range of sectors. We are therefore very proud to have been able to provide our customers with a selection of low-cost and user-friendly tools that make their lives easier. Whether that’s using phones to take payments, creating online shops, or sending payment links for jobs completed, we help to lighten the load."
Vincent Choi
CEO and Co-founder at Pomelo Pay
Investor perspective
"Pomelo Pay gives merchants the flexibility their clients need, providing support for a broad range of payment options in today’s ever more fragmented payments ecosystem. As the shift towards cashless payments has accelerated, we’ve been impressed by Pomelo’s experience navigating different payment ecosystems around the globe. We are very excited to join Vincent and the team on the journey ahead."
Wouter Volckaert
Chief Investment Officer, Force Over Mass
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
Categories
About the company
Pomelo Pay
Digital payments platform enabling merchants and financial institutions to modernise transaction infrastructure.