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With US$20 million investment, Nomad aims to be Brazilians’ digital bank in the U.S.

RIO DE JANEIRO, BRAZIL - After 3 years in development, the company got off the ground with the goal of facilitating Brazilians' access to financial services abroad.

In practice, Nomad offers solutions such as foreign exchange, transfers, payments, international purchases and even investments in the U.S. market. With 50,000 accounts open, the startup has just received a Series A funding of R$100 (US$20) million.

The investment was led by Monashees and Spark Capital funds. Globo Ventures, Propel, GFC, Abstract, Vast, and ONEVC also took part in the round. The company will use the money to accelerate growth . . .

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