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# Brazilian fintech startup Nomad raises over $32 million
- URL: https://www.techloy.com/brazilian-fintech-startup-nomad-raises-over-32-million/
- Published: 2022-05-19T10:34:52.000Z
- Updated: 2022-12-08T00:44:37.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Tech in Brazil

[Nomad,](https://nomadglobal.com/) a fintech startup that allows Brazilians to open accounts in the US has raised $32.1 million in a new funding round led by the Stripe Fund. 

- The funds will be used to develop new products, increase its customer base and build out new technologies, the startup claims.
- Launched in 2019, Nomad is helping Brazilians to open bank accounts in the US, and get international debit cards and electronic fund transfers (EFTs).
- Funds Monashees, Spark Capital, Propel, Globo Ventures, and Abstract participated in the funding round.