Fintech Nomad, $61 Million New Funding

Fintech Nomad completed a $61 million Series B round led by investment fund Tiger Group with participation from Monashees, Spark Capital, Stripes and Global Venture. In May last year, the company received $32 million from an investment round led by Stripes.

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Fintech Nomad

According to Fintech Nomad executives, the Series B funds will be used to expand the global investment platform and launch new products, including credit cards. At the same time, the new fund marks the return of Tiger Group's investments in Brazil, which also invested in companies such as Nubank, Brex and Open AI. Behind Nomad are experienced and recognised names in innovation and technology. Lucas Vargas led Grupo ZAP for eight years. Patrick Sigrist co-founded iFood and Eduardo Haber has a long career in finance.

Nomad offers Brazilians a debit card that can be used in more than 180 countries, as well as a bank account in the United States and access to a platform for investments in the US. Since the beginning of the year, the company has raised more than BRL 1 billion. According to Patrick Sigrist, co-founder and Chairman of company, Brazilians are learning the importance of investing part of their assets abroad.