Nomad, a São Paulo, Brazil-based fintech company, raised $61m in Series B financing.
The round was led by Tiger Group with participation from Monashees, Spark Capital, Stripes, and Global Venture.
The company intends to use the funds to expand its global investment platform and to launch new products, including credit cards.
Founded in 2019, Nomad offers Brazilians a bank account in the United States with a debit card for use in more than 180 countries, as well as access to a platform for investments in the U.S. Since the beginning of 2023, the company has exceeded BRL 1 billion (approximately $206 million) in volume processed in card transactions and BRL 5 billion in international money transfers.
FinSMEs
26/08/2023