Pomelo Group, a payments platform based in Singapore, has acquired Arrow Checkout, a fintech company also located in Singapore.

Arrow Checkout, which specializes in ecommerce and checkout payments technology, was launched in 2021. The company was founded by former executives from Grab and Tencent and has received backing from Y Combinator, Peak XV Partners, and Meta.

Following the acquisition, key members of Arrow Checkout’s leadership team will join Pomelo Group.