# Nomod

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

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.nomod.com
- Total disclosed funding: $3.4M
- Latest round: Seed (Nov 15, 2021)
- Investors on record: 4

## About

Nomod Inc. is a payment solutions company focused on simplifying online and in-person transactions for businesses. Their platform allows users to create customizable payment links and accept various global currencies seamlessly.Founded in 2019, Nomod Inc. operates from London, UK, providing a payment links platform that enables businesses to accept payments efficiently. Omar Kassim serves as both the founder and CEO of the company. Since its inception, Nomod has raised a total of USD 3.4 mn in funding, with the latest Seed round occurring on November 15, 2021, led by Global Founders Capital alongside other investors including Goodwater Capital, Kingsway Capital, and Y Combinator. Nomod has completed 2 deals to date, with a current valuation of USD 50.00 mn.Nomod primarily offers a payment links platform that enables businesses to accept payments online and in-person with ease. The core functionalities of their platform include the ability to create and share customizable payment links, accept a wide array of global currencies (over 135), and process transactions via credit and debit cards. Users can charge contactless payments by tapping cards, scanning card details using a mobile camera, or manually entering the information through a keyboard. This service caters to a diverse clientele, including retailers, beauty and wellness providers, food and beverage businesses, healthcare practitioners, event organizers, and various other service providers, operating across geographical markets like the United States, the United Kingdom, and the United Arab Emirates.The revenue model for Nomod is predominantly transaction-based, where the company earns money through service fees applied to each processed payment. Businesses utilize Nomod's platform to generate payment links for their customers, facilitating direct transactions that streamline payment collection. For instance, a beauty salon could send a payment link to a client for services provided, or a retailer might use the platform to process contactless payments at checkout. Nomod supports various payment methods, including major credit card networks like Visa, MasterCard, and American Express, contributing to its revenue through transaction fees. Additionally, the company provides features like professional invoicing and CRM capabilities, enhancing the overall value proposition for its clients, fostering repeat business and customer loyalty.In November 2021, Nomod Inc. raised USD 3.4 mn in Seed funding, led by Global Founders Capital, to enhance its platform for merchants. The company plans to utilize this funding to expand its capabilities, including the acceptance and settlement of payments in merchants' native currencies. Nomod aims to introduce new product features and expand its market presence, targeting new geographic regions to facilitate transactions for additional businesses. As the company advances, it is focused on improving its service offerings to better serve its diverse client base.

## Funding rounds

- Seed, Nov 15, 2021, $3.4M — Y Combinator, Global Founders Capital, Goodwater Capital, Kingsway Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed
- Kingsway Capital (https://capitalatlas.ai/funds/kingsway-capital) — Seed