Who owns Nomad?
short answerNomad is not itself a bank. It runs on a partner-bank (BaaS) model, where a licensed sponsor bank holds the deposits behind the app while Nomad builds the product and interface. Nomad's most notable disclosed backers include Stripes, Monashees, Spark Capital and Tiger Global.
Is Nomad a licensed bank?
No — it runs on a sponsor bank (BaaS model). Licence detail: Partner bank (Community Federal Savings Bank, US); FX via Ouribank (Brazil).
Where is your money held?
Custody model: Custodial.
No sponsor bank or infrastructure provider is publicly documented for Nomad yet. Know one? Suggest it.
Who's behind Nomad?
Nomad was founded by Lucas Vargas, Patrick Sigrist (2019), headquartered in São Paulo, BR.
Early investors
Is my money safe with Nomad?
Deposits are held by Nomad's sponsor bank, so any insurance flows through that bank rather than Nomad. Check which sponsor holds your balance and whether it is passed through for per-customer coverage.
go deeperSee the full Nomad profile with every verified field, or Nomad alternatives. Raw fields: data.json.
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.