POMELO INTRODUCES INNOVATIVE REMITTANCE SOLUTION, MEETS WITH PH CONSULATE IN SF
Consul General Neil Ferrer met with Pomelo executives at the Philippine Center in San Francisco on 15 August 2024, to talk about innovative ways of sending money to the Philippines. (San Francisco PCG photo)
SAN FRANCISCO, USA – Philippine Consul General in San Francisco Neil Ferrer met with the executives of Pomelo, a leading fintech startup, at the Philippine Center in San Francisco on 15 August 2024.
Director of Marketing Ladd Martin, Partnerships and Business Development Lead Sofie Jimenez, and Carissa Villacorta presented their remittance product, which would innovate the way Filipinos in the United States send money home through the “send now, pay later” model.
According to Pomelo’s officers, the platform empowers users to send money to the Philippines while simultaneously building credit in the U.S. By partnering with Mastercard, Pomelo offers faster, fee-free transactions compared to traditional remittance methods. Recipients enjoy instant fund availability and enjoy no transfer fees at the moment.
Pomelo has expanded its services to include GCash, a popular Philippine e-wallet, as a payment option. The company also offers both unsecured and secured credit lines, providing flexibility for users.
Consul Vanessa Bago-Llona, Director Soleil Tropicales of the Department of Tourism Office in San Francisco, Economic Assistant Jennifer Sto. Domingo, and Trade Specialist Rosalie Say of the Philippine Trade and Investment Center in Silicon Valley were also present in the meeting.
Pomelo’s official San Francisco launch took place on the same day, drawing attendance by Filipino American community leaders–including Maria Banatao of PhilDev, Sonia Delen of Filipino Food Movement, of Charity Nicolas Tech in Color and FASTER, Genevieve Jopanda of FYLPRO, and John Morada of startup Home Key.
The Fil-Am leaders shared their personal anecdotes about their experiences with remittances and financial management, highlighting the crucial role these funds play in supporting their respective advocacies in the Philippines. END
Pomelo’s San Francisco launch was graced by Filipino American leaders who shared their inspiring journeys and the importance of remittances in uplifting our communities. (San Francisco PCG photo)
Consul Vanessa Bago-Llona, representing Consul General Neil Ferrer, congratulates Pomelo and underscores the Consulate’s support for innovative initiatives that benefit the Filipino community. (San Francisco PCG photo)