Nuo Bank
Latest round
- Series A
Last raised
- Feb 2023
Total raised
- $17M
Investors
- 11
About Nuo Bank
Founded in 2018 in Singapore, Nuo Bank operates a decentralized debt marketplace that connects borrowers and lenders of cryptocurrency assets. The company was established by Ratnesh Ray, Siddharth Verma, and Varun Deshpande, who have previously been involved in other ventures.Nuo Network provides a decentralized debt marketplace facilitating lending and borrowing of cryptocurrency assets, primarily focusing on Ethereum (ETH) and ERC20 tokens. Users can secure loans by staking collateral through smart contracts, which allows for immediate access to funds without the imposition of platform fees. In addition, Nuo offers a lending service that enables users to earn interest on their crypto assets by creating debt reserves.In the most recent fiscal year, 2023, Nuo Network reported a revenue of USD 1,350,011 and an EBITDA of USD -7,071,512.04 mn to enhance its product offerings and expand its market presence. The company is focused on developing new products that enhance user experience and increase transaction efficiency. Additionally, Nuo aims to expand into Asian and European markets by the end of 2024, aiming to attract more users and diversify its customer base in the rapidly growing cryptocurrency landscape.
Who invested in Nuo Bank
11 investors across 1 round
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Funding rounds
Series A
Feb 22, 2023
Amount
$17M
Investors
Questions about Nuo Bank
Who invested in Nuo Bank?
Nuo Bank has 11 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Nuo Bank raised?
Nuo Bank has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Nuo Bank last raise money?
Nuo Bank's most recent round on record is a Series A, in Feb 2023.
What does Nuo Bank do?
Founded in 2018 in Singapore, Nuo Bank operates a decentralized debt marketplace that connects borrowers and lenders of cryptocurrency assets.
Where is Nuo Bank headquartered?
Nuo Bank is headquartered in Singapore, Singapore.
Which VCs invest in companies like Nuo Bank?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back financial services companies at Nuo Bank's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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