# Pomelo

> Pomelo (Pomelo Group) is a London- and Singapore-based payments technology company that provides a unified, API-based Payment Platform-as-a-Service. It gives financial institutions, fintechs and enterprises ready-to-use payment rails, merchant onboarding and management, transaction monitoring, and a range of acceptance methods - from QR codes and tap-to-pay to payment links and card issuing - under a single white-label platform. Founded in 2017 as Pomelo Pay, the company has grown into a regulated e-money issuer serving 2,000+ businesses across the UK and Southeast Asia.

- **Founded:** 2017
- **Headquarters:** London, United Kingdom (with regional HQ in Singapore)
- **Founders:** Vincent Choi (Co-founder & former CEO (now strategic advisory board)), Simon Verraest (Co-founder & Chief Technology Officer), Neil Cuthbert (Co-founder)
- **Team size:** ~45 employees
- **Products:** Payments (Payment Rails), Merchant Services, Technology / API Suite, Payment Methods, Cards & Issuing
- **Notable:** Grew from zero to nearly $2B in annualised processing volume under founding CEO Vincent Choi., Processed 129M+ transactions for 2,000+ businesses., Authorised by the UK Financial Conduct Authority as an e-money issuer (FRN 928018).

## Products & services

- **Payments (Payment Rails)** — Ready-to-use payment rails and acceptance services letting merchants take payments in person, online, remotely and via gateway.
- **Merchant Services** — Tools for merchant onboarding, management, transaction monitoring and reporting from a single dashboard.
- **Technology / API Suite** — Modular, API-based microservices suite with instant connectors, tokenisation and white-label customisation.
- **Payment Methods** — QR code payments, tap-to-pay (NFC), payment links, invoicing and omnichannel acceptance.
- **Cards & Issuing** — Card acquiring and issuing plus fund-control solutions built on Mastercard and Discover credentials.
- **Cryptocurrency Payments** — Bitcoin and Ethereum acceptance via QR codes and payment links through a partnership with TripleA.

## Achievements

- Grew from zero to nearly $2B in annualised processing volume under founding CEO Vincent Choi.
- Processed 129M+ transactions for 2,000+ businesses.
- Authorised by the UK Financial Conduct Authority as an e-money issuer (FRN 928018).
- Achieved PCI DSS Level 1 Service Provider certification on SOC2 / ISO 27001 / ISO 27017 / NIST CSF infrastructure.
- Expanded from the UK into Singapore, Vietnam, Thailand and Malaysia.
- Acquired Y Combinator-backed fintech Arrow Checkout in January 2025 to add e-commerce checkout capability.

## Latest updates

- **2025-01** — Acquired Singaporean fintech Arrow Checkout, bringing its founders into product, sales and engineering leadership.
- **2024-04** — Appointed Steve Vickers (ex-COO of Paysend, ex-CEO of Thunes) as CEO, succeeding co-founder Vincent Choi.
- **2022-12** — Closed its latest (Series A) funding round.
- **2022-08** — Launched cryptocurrency acceptance via partnership with TripleA, with Soneva resorts as the first client.

## Links

- Website: https://www.pomelogroup.com
- LinkedIn: https://uk.linkedin.com/company/pomelogroup
- Twitter/X: https://twitter.com/pomelopay
- Instagram: https://www.instagram.com/pomelopay/

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Profile page: https://yespress.io/pomelo
Published by YesPress — https://yespress.io
Last updated: 2026-07-25