Brazilian FinTech Nomad pulls in $32m financing

Nomad, a Latin American FinTech helping Brazilians establish bank accounts, has raised $32m in financing.

 The round was led by Stripes and also saw participation from monashees, Propoel, Globo Ventures, Abstract and Spark Capital.

Nomad was represented in the round by Foley & Lardner, which was led by its partner André Thiollier. 

Founded in 2019, Nomad currently has around 300,000 customers and aims to acquire 1 million new customers by the end of the year.

The company claims this recent round of funding will be used to invest in new technology, launch new products and expand its operating team.

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