São Paulo-based, Nomad is a Brazilian fintech company that raised $61 million led by Tiger Group in a Series B financing round.
Global Venture, Monashees, Stripes, and Spark Capital actively backed the round.
Satilde Paulo Based Nomad Brazilians US $61M
CEO Nomad, Lucas Vargas said that funds raised will be used to introduce new products such as insurance, credit cards, etc, and platform development.
Nomad is a fintech company that offers Brazilians a bank account in the US. Nomad debit and credit cards can be used across the globe. Also, they get a platform for investments as well.
Moreover, since its launch, Nomad has crossed 1 billion Brazilian Real (approximately $206 million) in card transactions and 5 billion Brazilian Real in international transfers.
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