Digital bank providing Brazilians easy access to USD.
Nomad offers Brazilians the ability to save, spend and invest with USD by offering an easy-to-open, 100% digital US-based bank account. Nomad’s platform includes a USD-denominated current account, virtual / physical debit cards, and a USD-denominated investment account (single stocks or pre-built portfolios). Unlike traditional financial services providers, Nomad offers a low fee and no-paperwork solution to building a financial life outside of Brazil.
Nomad’s product offering appeals to a variety of use cases and speaks to the growing demand for access to international commerce and finance among Brazilians. Customers can use their US-issued debit card to save on fees when spending / traveling abroad, set up direct deposit to get paid by US employers and leverage a USD-denominated current account to protect their wealth from currency devaluation.
We are huge fans of Nomad’s vision to become the bank for Brazilians outside of Brazil and impressed by it’s stellar adoption and usage among early users. We are excited to support a veteran team as they build a multi-product platform that promotes financial wellness and offers an A+ customer experience.
The information noted above is representative as of the time noted/May 2022 and has not been updated.