Launched in 2018 in UK and Singapore, Pomelo allows merchants to digitize their payment infrastructure and take payments from anyone, in any location (physical or digital), at near zero costs. The company provides an integration with over 30 payment networks globally. Its payments platform is also used by leading banks and non-banking financial institutions (NBFIs) for a drastically improved acquiring experience, enabling them to offer the broadest suite of payment acceptance solutions to their end customers.

Pomelo is well positioned to address the market need for a best-in-class API first platform, allowing a seamless adoption by financial institutions. This will in turn allow their end customers to offer acceptance solutions and roll out a range of integrated financial products. We have been impressed by the long-term vision and payment expertise of Pomelo's management team, and we believe Pomelo has potential to be a leader in the payments industry.