Nelo Mobile, S.A. de C.V.

A.V.A.V. was founded in 2019 in Mexico City, Mexico. The company focuses on delivering financial services primarily around credit solutions.Nelo offers a comprehensive suite of financial services tailored to meet consumer needs, primarily focused on credit solutions. The company's core products include instant credit approvals, personal loans, payment facilitation for essential services, and shopping solutions through both physical and virtual card options. Nelo's platform enables users to complete their registration and obtain credit in as little as five minutes, fostering a streamlined user experience. The services cater to a broad client base, including individuals seeking to improve their credit history, make purchases across various retailers, and manage utility payments efficiently.70 that same year. The company generates revenue through its diverse range of financial products and services, primarily structured around consumer transactions. The platform facilitates instantaneous credit approvals for users, allowing them to make purchases and manage payments effectively. Customers can utilize features like cash loans, which are disbursed directly to their accounts, and make payments for services such as utilities and mobile recharges. Nelo's business model includes direct-to-consumer transactions, where users may incur fees associated with credit usage or service payments.A.V. Expansion into new markets within Latin America is also on the agenda, with specific strategies to reach additional consumers by 2024. This approach aims to broaden the accessibility of its financial solutions, reinforcing Nelo's commitment to serving a wider demographic.

1. Series A

   Oct 12, 2021

   Amount

   $20M

   Investors

   Locked

2. Seed

   Apr 16, 2021

   Amount

   $3M

   Investors

   Locked