Brazilian fintech of international accounts Nomad announced this Monday (16) that it received a contribution of US$ 32 million led by the capital fund Stripes and accompanied by monashees, Spark Capital, Propel, Globo Ventures and Abstracte.
With the new investment, the third since it was created at the end of 2019, the platform says it reached a valuation of more than US$ 1 billion, having received US$ 300 million in 18 months.
Co-founded by Patrick Sigrist, also founder of iFood and currently chairman of the board of Nomad, the startup offers digital dollar accounts and financial services abroad, such as investments and facilities such as free ATM withdrawals in the United States and lower expenses in international purchases.
The fintech has insurance of up to US$ 250 thousand from the US credit guarantee agency, FDIC.
“We should reach 1 million customers at the turn of this year,” said Lucas Vargas, president of the company, in a statement.
Currently, Nomad has 300,000 customers and the target of 1 million was previously forecast only for the end of 2023.
According to Nomad, the new resources will be used to develop its new investment platform, launch products, in marketing and in the expansion of the operation, also increasing the number of employees – today there are 250.
Source: CNN Brasil