# Nomad Fintech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nomad-fintech

- Industry: Financial Services
- Headquarters: Sao Paulo, Brazil
- Total disclosed funding: $112M
- Latest round: Series B (Aug 22, 2023)
- Investors on record: 10

## 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.

## Funding rounds

- Series B, Aug 22, 2023, $61M — Spark Capital, Stripes, Monashees, Tiger Global Management, Propel, Abstract Ventures, Globo Ventures
- Series B, May 16, 2022, $32M — Spark Capital, Stripes, Monashees, Propel, Abstract Ventures, Globo Ventures
- Series A, Jul 28, 2021, $19M — Spark Capital, Monashees, Vast Ventures, Global Founders Capital, Propel, Abstract Ventures, ONEVC, Globo Ventures

## Investors

- Spark Capital — Series A, Series B
- Monashees (https://capitalatlas.ai/funds/monashees) — Series A, Series B
- Vast Ventures (https://capitalatlas.ai/funds/vast-ventures) — Series A
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A
- Propel (https://capitalatlas.ai/funds/propel) — Series A, Series B
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Series A, Series B
- ONEVC (https://capitalatlas.ai/funds/onevc) — Series A
- Globo Ventures (https://capitalatlas.ai/funds/globo-ventures) — Series A, Series B
- Stripes (https://capitalatlas.ai/funds/stripes) — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B