NY-based growth equity firm Stripes led a USD32m Series A+ for Nomad, a Brazilian fintech offering US checking accounts for Brazilian residents, with participation from monashees, Spark Capital, Proporel Ventures, Globo Ventures and Abstract at a reported USD200m valuation. monashees and Spark Capital led a USD20m Series A in August 2021; monashees led a ~USD6m earlier in 2021. Nomad was founded by iFood co-founder Patrick Sigrist.
(Bloomberg Linea) – Nomad, a US banking account fintech focused on Brazilians, said Monday that it raised $32 million (R$160 million) in an extension of a round led by the US venture capital fundStripes accompanied by Monashees, Spark Capital, Propel, Globo Ventures andAbstract. With the round, the company is valued at $200 million. Behind Nomad is iFood co-founderPatrick Sigrist.He says that the fintech idea came about when he lived in Silicon Valley. “Living abroad came this need. The accounts here in Brazil are dominated by banks, which have 90% of the market, and they are not interested in giving you access to the global financial world. But living abroad is difficult to make a payment, send money,” he said, in an interview with Bloomberg Línea.
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