About Nomad
Nomad is a company based in Menlo Park (United States) founded in 2019 by Gabriel Pinto, Marcos Nader, and Eduardo Haber. It operates as a FinTech, and Subscription Services. Nomad has raised $113 million across 3 funding rounds from investors including Palico, Grupoglobo and Spark Capital. Nomad has completed 1 acquisition, including Husky. Nomad offers products and services including International Account, International Debit Card, and Investment Account. Nomad operates in a competitive market with competitors including Adro, Emigre, CAURI Money, Aeldra and TellerOne, among others.
- Headquarter Menlo Park, United States
- Founders Gabriel Pinto, Marcos Nader, Eduardo Haber
- Stage Minicorn
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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 Nomad Fintech Inc.
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Products & Services of Nomad
Nomad offers a comprehensive portfolio of products and services, including International Account, International Debit Card, and Investment Account. 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.
An account for global financial transactions is provided.
A debit card for international purchases is offered.
Investment opportunities in global markets are facilitated here.
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Product Management Team
17 people
Sales and Marketing
11 people
Analista Team
9 people
Legal and Compliance
6 people
Data Analysis and Operations Team
6 people
Finance and Accounting
5 people
Leadership Team
5 people
Human Resources and Administration
5 people
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Funding Insights of Nomad
Nomad has successfully raised a total of $113M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $61 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $61.0M
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First Round
First Round
(30 Jul 2021)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series B - Nomad | Valuation | Tiger Global Management | |
| May, 2022 | Amount | Series B - Nomad | Valuation | Stripes | |
| Jul, 2021 | Amount | Series A - Nomad | Valuation | Monashees , Spark Capital |
| 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 |
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Investors in Nomad
Nomad has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Palico, Grupoglobo and Spark Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Global investments are made in product-led growth companies.
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Founded Year | Domain | Location | |
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Sectors like ad tech, food tech, logistics, services are targeted.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nomad
Nomad has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Husky. 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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International funds are transferred with accounting and financial guidance provided.
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2016 |
| 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 - Nomad
| 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 |
Nomad Comparisons
Competitors of Nomad
Nomad 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 Adro, Emigre, CAURI Money, Aeldra and TellerOne, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial services are offered to international clients in the US.
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| domain | founded_year | HQ Location |
Provides platform for NRIs in US to open accounts, send remittances, and invest in India.
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| domain | founded_year | HQ Location |
Developer of a digital bank for ex-pats
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| domain | founded_year | HQ Location |
Operates as a digital bank for individuals, investors, and businesses.
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| domain | founded_year | HQ Location |
Online banking services are delivered via a digital platform.
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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 Nomad
Frequently Asked Questions about Nomad
When was Nomad founded?
Nomad was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Nomad located?
Nomad is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Who is the current CEO of Nomad?
Lucas Vargas is the current CEO of Nomad.
Is Nomad a funded company?
Nomad is a funded company, having raised a total of $113M across 3 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Jul 30, 2021.
What does Nomad do?
Nomad is established as a fintech providing international accounts, debit and credit cards, and investment opportunities for Brazilians in the US market. Services are extended to include currency conversion, international payments, and travel-related offerings. The company operates in the financial technology sector, focusing on digital banking solutions and global asset diversification. Support is provided through a user-friendly app with transparent fees.
Who are the top competitors of Nomad?
Nomad's top competitors include Adro, CAURI Money and TellerOne.
What products or services does Nomad offer?
Nomad offers International Account, International Debit Card, and Investment Account.
How many acquisitions has Nomad made?
Nomad has made 1 acquisition, including Husky.
Who are Nomad's investors?
Nomad has 14 investors. Key investors include Palico, Grupoglobo, Spark Capital, Tiger Global, and Stripes.
What is Nomad's valuation?
The valuation of Nomad is $361.64M as of Aug 2023.
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