Argentinian payment startup Pomelo has completed a $55 million Series C funding round and will launch a stablecoin credit card

The Argentina-based fintech company Pomelo has completed a $55 million Series C funding round, led by Kaszek and Insight Partners, aimed at deepening its presence in the Latin American market and expanding its global business.

The funds will be used to expand its credit card payment processing operations in Mexico and Brazil, and to launch a global credit card settled in the stablecoin USDC. Pomelo also plans to develop a real-time and smart agent payment system that can operate across borders, serving traditional banks and large international clients, with current partners including Visa, Mastercard, Binance, and Western Union.