# Nexxo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nexxo

- Industry: Financial Services
- Headquarters: San Bruno, US
- Website: www.minexxo.com
- Total disclosed funding: $38M
- Latest round: Series F (Jan 1, 2013)
- Investors on record: 4

## About

Nexxo specializes in innovative financial solutions, focusing on enhancing payment technologies and services to improve consumer and business transactions globally.Founded in 2003 and headquartered in San Bruno, US, Nexxo develops advanced payment processing systems. The company has engaged in 12 deals, with its most recent deal occurring on September 9, 2014, when MoneyGram acquired Nexxo. The company raised a total of USD 3.66 mn, with its latest funding round being SERIES F, which also amounted to USD 3.66 mn and involved investors such as Menlo Ventures and Split Rock Partners. The current leadership team includes CEOs Kashif Thakkur, Nebil Aissa, and Paulo Neto.Nexxo's core offerings include cutting-edge payment processing solutions designed to facilitate seamless transactions for businesses and consumers. The company's technology ensures secure and efficient payment methods, enhancing user experience across various platforms.Nexxo generates revenue primarily through the processing fees associated with payment transactions. The firm utilizes a straightforward pricing model that charges clients based on transaction volume, allowing businesses to efficiently manage their payment processing costs.Nexxo aims to expand its product offerings by developing new payment solutions set to launch in the second half of 2024. The company is targeting expansion into European and Asian markets by 2025, leveraging recent funding to enhance its technology and support these initiatives. The funding from its most recent SERIES F round will be directed towards research and development to drive innovation in payment technologies.

## Funding rounds

- Series F, Jan 1, 2013, $3.7M — Menlo Ventures, Split Rock Partners
- Series E, Mar 29, 2010, $6M — Menlo Ventures, Sutter Hill Ventures, Split Rock Partners
- Series D, Jun 30, 2008, $13M — Menlo Ventures, Sutter Hill Ventures, Split Rock Partners
- Series C, Nov 5, 2007, $7.5M — Menlo Ventures, Sutter Hill Ventures
- Series B, Sep 30, 2007, $7.5M — Menlo Ventures, Sutter Hill Ventures, Stanford University

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B, Series C, Series D, Series E, Series F
- Sutter Hill Ventures (https://capitalatlas.ai/funds/sutter-hill-ventures) — Series B, Series C, Series D, Series E
- Stanford University — Series B
- Split Rock Partners (https://capitalatlas.ai/funds/split-rock-partners) — Series D, Series E, Series F