SAN FRANCISCO, CA (November 6, 2024) – Pomelo and PhilDev Foundation are pleased to announce a collaboration that aims to raise funds for science and engineering scholars in the Philippines.
PhilDev Scholars Engineer Scholars in PH (Source: PhilDev)
Pomelo International, the world’s first fintech to combine credit and international money transfer, lives out PhilDev Foundation’s core pillars of Education, Innovation and Entrepreneurship in helping Filipinos connect, grow and thrive.
Pomelo supports PhilDev’s mission is to empower and inspire Filipinos to excel in science and technology. Pomelo wants to send at least three students through engineering school and support the beginnings of their professional journey through this program.
For each PhilDev supporter who signs up for Pomelo (www.pomelo.com/phildev) and sends $100 or more to their loved ones in the Philippines, Pomelo will donate $100 to PhilDev’s scholarship program. This means new users of Pomelo will be doubling the good – – making their loved ones happy during the holiday season, while securing a better future for PhilDev’s young scholars.
PhilDev Chairman Dado Banatao and Kevin Paule of PomeloPioneer Sender PhilDev’s Former Trustee Josie Chernoff enjoys using Pomelo
Maria Banatao, PhilDev Trustee says, “We are grateful to Pomelo, not only for building a technology company with the Philippines as its first focus, but for recognizing the work of PhilDev in enabling success and development amongst Filipino students and families.”
Ladd Martin, Pomelo’s Chief Marketing Officer says, “When we heard PhilDev’s mission, we knew that our goals were aligned, that innovation in technology and entrepreneurship can improve lives for Filipinos and immigrant communities around the world.”###
About Pomelo
Pomelo is the only fintech combining international money transfer with credit. Founded in 2020 by Eric Frenkiel, and headquartered in San Francisco, Pomelo is the first company to combine credit cards and remittances, allowing users to send now, pay in 25 days via a credit card they can also use for groceries, gas or shopping*. The $1000 credit limit is sent via the Pomelo app to the Philippine recipient’s Gcash or bank account, with no interest, no transfer fee and high exchange rate. www.pomelo.com
*Banking services provided by Coastal Community Bank, Member FDIC. The Pomelo Card is issued by Coastal Community Bank pursuant to a license from Mastercard International. Pomelo earns FX gains.
About PhilDev
As a foundation that originated in the United States and now firmly rooted in the Philippines, we focus on building and nurturing vital connections that bridge knowledge, capacities, and opportunities across borders.
Founded by Diosdado “Dado” Banatao, a pivotal figure in Silicon Valley, PhilDev is a registered nonstock, nonprofit organization, launching and leading initiatives in education, start-ups, and mentorship that have significantly advanced the Philippine community. www.phildev.org
