Who owns Nomad?

traditional · São Paulo, BR · Partner-bank model · custody: Custodial

short answerNomad is not itself a bank. It runs on a partner-bank (BaaS) model and works with Community Federal Savings Bank — the licensed bank that actually holds customer deposits behind the app. Nomad's most notable disclosed backers include Stripes, Monashees, Spark Capital and Tiger Global.

Is Nomad a licensed bank?

No — a partner bank (Community Federal Savings Bank) holds the money. License detail: Partner bank (Community Federal Savings Bank, US); FX via Ouribank (Brazil).

Where is your money held?

Custody model: Custodial.

Nomad runs on: Community Federal Savings Bank (BIN sponsor bank). Full stack on the infra map.

Who's behind Nomad?

Nomad was founded by Lucas Vargas, Patrick Sigrist (2019), headquartered in São Paulo, BR.

Early investors

Notable venture and strategic investors from Nomad's publicly disclosed funding rounds (~$60M raised).

Stripes ↗

Monashees ↗

Spark Capital ↗

Tiger Global ↗

Is my money safe with Nomad?

Your money is held by Community Federal Savings Bank, so any deposit insurance flows through that sponsor bank — not Nomad itself. Check the sponsor's scheme and whether balances are "passed through" for per-customer insurance.

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.