The startup offers a payment gateway application that enables merchants to accept transactions through 25 different payment methods, facilitating cashless payments. Additionally, the platform provides a white-label solution for banks and payment service providers outside of Europe, allowing for international scalability and improved cash flow management for merchants.
Funding
$13.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many small businesses struggle with the complexity and cost of traditional payment systems, especially when needing to accept payments in various contexts such as in-person, online, or remotely. Existing solutions often involve separate card machines, long-term contracts, and additional fees, creating a barrier to entry for businesses seeking flexible and affordable payment processing.
Solution
Pomelo Pay offers a suite of business payment solutions designed to simplify everyday transactions and sales tracking. The platform enables merchants to accept payments through QR codes, payment links, online shops, and its Connect API, facilitating both in-person and remote transactions. Pomelo Pay's mobile-first approach allows businesses to manage their finances and access low-cost payment features through a user-friendly app. The platform also provides tools for creating online menus, managing orders, and tracking sales, making it a comprehensive solution for businesses looking to streamline their payment processes and expand their sales channels.
Target Audience
Pomelo Pay primarily targets small to medium-sized businesses, including those in the food and beverage, construction, retail, and service industries, seeking affordable and versatile payment solutions. The platform also caters to financial institutions looking for white-label solutions to offer their merchants.
Features
- QR code payments for on-the-go transactions using a smartphone
- Payment links for remote payments via email, WhatsApp, or SMS
- Online shop creation with product uploader and customizable branding
- Contactless table ordering for food and beverage businesses
- Connect API for integrating payment processing into third-party software
- Tap to Pay functionality for accepting contactless payments directly on Android devices
- Order management dashboard for tracking and organizing orders
- Sales tracking and reporting for monitoring business performance