Foley Represents Brazilian Fintech Nomad in $32M Financing

Foley & Lardner LLP recently represented Nomad, a Latin American fintech that enables Brazilians to establish bank accounts in the United States, in its $32 million (R$160 million) financing. The round was led by Stripes, followed by monashees, Spark Capital, Propel, Globo Ventures, and Abstract.

Founded in 2019 by Patrick Sigrist, Marcos Nader, and Eduardo Haber, Nomad has 300,000 customers and aims to acquire 1 million new customers by the end of 2022. This latest source of funding will be used to invest in new technology, launch new products, and expand the operating team. The company previously raised a $20 million Series A round in 2021. 

The Foley team was led by Partner André Thiollier.