Nomad Fintech, Inc. Asset Profile

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Year established

2019

Location

Sao Paulo Brazil

Primary Industry

Financial Services

About

Based in Sao Paulo, Brazil, and founded in 2019, Nomad Fintech, Inc. operates as a mobile application that provides financial services to non-residents in the USA. In August 2023, Nomad Fintech, Inc. raised USD 61 million in series B funding led by new investor Tiger Global Management, with participation from returning investors Abstract Ventures, Globo Ventures, Monashees Capital, Propel Venture Partners, Spark Capital, and Stripes. Nomad allows users to open a US bank account guaranteed up to USD 250,000 by the FDIC. The company's mobile app enables users to make international purchases, transfers, bill payments, remittances, investments in global markets, and other transactions. Nomad also offers a curation of international investments, advises assets for each risk profile, and thematic portfolios, such as technology, cryptocurrency, ESG, and healthcare. Nomad plans to expand the operation, develop and launch new products, and add the number of employees to around 150 by the end of 2021 with a focus on the technology and business teams. The company also plans to launch its trading platform soon.

Current Investors

Monashees Capital, Abstract Ventures, Spark Capital

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Primary Industry

Financial Services

Sub Industries

Consumer Finance, e-Financial, Accounting/Finance Software

Verticals

FinTech, FinTech, FinTech, Mobile Apps

Company Stage

Series B

Total Amount Raised

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