Nomad, a Brazilian fintech, raised $61M in one of the biggest rounds this year in Latin America. Stripes, Monashees, Spark Capital, Propel, Globo Ventures, and Abstract also participated in the Series B round led by Tiger Global Management.
The company plans to direct the recently acquired funds toward expanding its global investment platform and introducing new products, such as advancements in the credit sector.
“This investment affirms the robust structure of our operations and solidifies our position as a preeminent force in Brazil.”, said Lucas Vargas, Nomad’s CEO.
Nomad pioneered a free worldwide digital account for the Brazilian retail market in the United States. Their investment platform offers This fintech offers a diverse investment platform with over 2,000 global options, including stocks, ETFs, and real estate funds.
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