Foley Represents Nomad in $61M Series B Financing

Foley & Lardner LLP recently represented Nomad in their $61 million Series B financing, the largest fintech equity finance deal this year in Latin America. The round was led by investment fund Tiger Group with participation from Monashees, Spark Capital, Stripes, and Global Venture.

Nomad offers Brazilians a bank account in the United States with a debit card for use in more than 180 countries, as well as access to a platform for investments in the U.S. Since the beginning of the year, the company has exceeded BRL 1 billion (approximately $206 million) in volume processed in card transactions and BRL 5 billion in international money transfers.

The funds from this round will be used to expand Nomad’s global investment platform and to launch new products, including credit cards.

The Foley team was led by partner André Thiollier and included associates Ashley Lee and Trevor Mullin.