Podcast

Eric Velasquez Frenkiel, CEO of Pomelo: $70 Million Raised to Build the Future of Remittance

In today’s episode of Category Visionaries, we speak with Eric Velasquez Frenkiel, CEO of Pomelo, a credit-based transfer management platform that’s raised over $70 Million in funding, about why existing solutions to the challenges that come with sending money across borders simply weren’t good enough, and why he decided that he should be the one to change things. By providing access to a fully manageable, well-integrated financial service offering credit-based transfers, Pomelo represents something totally new in the thriving Fintech economy.

We also spoke about why Eric was tempted back to work after a lengthy sabbatical where inspiration struck, why digitally-native younger generations provide great opportunities for software startups of all shapes and sizes, and why the key to real happiness can often be found in the smallest details of life. There are so many transformations going on right now in the way we live, save and interact with software, but with a clear customer-oriented approach Pomelo is ready to become a catalyst for more accelerated change by providing support to the millions of migrant workers looking to build a better life abroad.

Topics Discussed:

  • Eric’s career development over the years, from a background in finance to the cutting edge of the FINtech economy
  • Why constant change is a permanent feature of Eric’s life, and how those around him manage to keep up
  • The shortfalls in existing transfer systems, and why a more manageable approach is so attractive for a generation used to living through their phone screen
  • Why working with big-name partners like visa and mastercard was a no-brainer for a startup looking to expand rapidly in the future
  • Why the credit-based approach can help people avoid debt and support their long-term financial independence
  • Why times of great change are also moments  of great opportunity for anyone willing and able to move with the times

Favorite book: 

Zero to One: Notes on Startups, or How to Build the Future

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