Thursday
May 19
2022

Brazilian Fintech Nomad Raises $32 Million in Series B Funding

By Shruti Khairnar

Latin American fintech Nomad, which enables Brazilians to establish bank accounts in the United States, has raised $32 million in Series B financing.

The round was led by Stripes, with participation from monashees, Spark Capital, Propel, Globo Ventures and Abstract, Forbes reports.

Nomad allows Brazilians to open a US bank account “in minutes” and fund the account from their domestic bank within days.

Photo courtesy of Eduardo Soares.

Source: Fintech Futures (link opens in a new window)

Categories
Finance
Tags
financial inclusion, financial services, fintech, mobile technology, technology