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Nomad

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Retail challenger bank offering global accounts and international debit cards.

About

Nomad operates as a retail challenger bank that focuses on providing financial solutions for Brazilian customers. The company offers a global account in partnership with Evolve Bank & Trust, a debit card that can be used in over 180 countries, and access to international investment opportunities through partnerships with DriveWealth LLC and Mogno Capital DTVM Ltda. Nomad aims to address the complexities of managing finances on a global scale by facilitating foreign exchange transactions, transfers, and offering lower fees for international purchases. Users can access the platform through a mobile app, which allows for free account openings and funding via local Brazilian bank transfers. The company positions itself as a means to enhance savings compared to traditional credit cards, with the goal of increasing access to global financial services for its users.

Key facts

Founded
2019
Tags
  • Cloud Solutions

Business model

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Nomad: quick answers

What does Nomad do?
Nomad operates as a retail challenger bank that focuses on providing financial solutions for Brazilian customers.
Where is Nomad headquartered?
Nomad is headquartered in Menlo Park, United States.
When was Nomad founded?
Nomad was founded in 2019.
Which sector is Nomad in?
Nomad operates in Digital Banks, part of Financial Technology.
Who are Nomad's competitors?
Companies similar to Nomad include Bnext, Ffrees, and Klar.