Nomad
US accounts + investing for Brazilians.
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — Partner bank (Community Federal Savings Bank, US); FX via Ouribank (Brazil).
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from Nomad’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · travel & digital nomads |
| HQ | São Paulo, BR |
| Founded | 2019 |
| Custody | Custodial |
| Regulation type | Partner-bank model |
| License detail | Partner bank (Community Federal Savings Bank, US); FX via Ouribank (Brazil) |
| Card | MC · Debit (US account) |
| Yield | USD yield |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Latin America |
| Countries | Brazil, United States |
| Founders | Lucas Vargas, Patrick Sigrist |
| Funding | ~$60M raised |
Verified links: official site ↗ · terms ↗ · @nomadglobal ↗
Common questions about Nomad
What is Nomad?
Nomad is a fiat neobank built for travel & digital nomads, headquartered in São Paulo, BR and founded in 2019. Your money is held custodially, so Nomad or its partner bank holds the balance and you hold a claim on it. It operates on a partner-bank model (Partner bank (Community Federal Savings Bank, US); FX via Ouribank (Brazil)).
Does Nomad have a card, and where can you use it?
It issues a Mastercard debit (us account) card. It is available in 2 countries, across Latin America.
Does Nomad require KYC?
Yes. Nomad requires identity verification (KYC) to open an account, as a partner-bank model.
What does Nomad cost?
From the verified fields: yield USD yield. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Nomad before relying on them.
Early investors
Peers
Wise · Nubank · Banco Inter · PicPay · PagBank · Nequi
Nomad appears in
Neobanks running on someone else’s banking license (81) · Neobanks available in Latin America (113) · Neobanks for travel and digital nomads (10) · Neobanks that issue a Mastercard (150) · Neobanks in Brazil (11)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.