About Nexo
Nexo is a company based in Preston (United Kingdom) founded in 1996. It operates as a FinTech, Subscription Services, and Commission-Based. Nexo has completed 1 acquisition, including Buenbit. Nexo offers products and services including Flexible Savings, Fixed-term Savings, Credit Line, Nexo Card, and Exchange. Nexo operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Headquarter Preston, United Kingdom
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Nexo Financial Services Ltd
- Date of Incorporation 28 May, 2020
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$52.5 M (USD), Token Sale
Apr 01, 2018
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Nexo
Nexo offers a comprehensive portfolio of products and services, including Flexible Savings, Fixed-term Savings, Credit Line, Nexo Card, and Exchange. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Daily interest is earned on digital assets held.
Higher interest is earned for longer fixed periods.
Funds are borrowed without selling digital assets owned.
Spending is enabled with interest and cashback benefits.
Over 100 digital assets are swapped with ease.
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Funding Insights of Nexo
- Total Funding Total Funding
- Total Rounds 1
- Last Round Token Sale — $52.5M
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First Round
First Round
(01 Apr 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Token Sale - Nexo | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Nexo
Nexo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Buenbit. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cryptocurrencies are bought, sold, and exchanged on an online platform.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nexo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nexo Comparisons
Competitors of Nexo
Nexo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Consensys, Luno, Uphold, Coins.ph and BlockFi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
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| domain | founded_year | HQ Location |
App-based wallet and exchange platform for cross-border money transfers
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| domain | founded_year | HQ Location |
Digital wallet for Bitcoin assets
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| domain | founded_year | HQ Location |
Crypto trading, loans, interest accounts, and wallets are offered online.
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| domain | founded_year | HQ Location |
App-based trading and deposit solutions for cryptocurrency are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nexo
Frequently Asked Questions about Nexo
When was Nexo founded?
Nexo was founded in 1996 and raised its 1st funding round 22 years after it was founded.
Where is Nexo located?
Nexo is headquartered in Preston, United Kingdom. It is registered at Preston, Lancashire, United Kingdom.
What does Nexo do?
Nexo is established as a premier platform for managing and growing digital asset wealth since 2018. Services such as Flexible Savings, Fixed-term Savings, Credit Lines, and the Nexo Card are provided to individual and corporate clients. Over 100 cryptocurrencies are supported for trading and investment. Solutions for businesses, including corporate accounts and prime brokerage, are offered alongside personalized client care. The platform operates in over 150 jurisdictions with a focus on security and compliance.
What products or services does Nexo offer?
Nexo offers Flexible Savings, Fixed-term Savings, Credit Line, Nexo Card, and Exchange.
How many acquisitions has Nexo made?
Nexo has made 1 acquisition, including Buenbit.
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