Brazilian Fintech 'Nomad' accelerates focus on Offshore Investments and launches a Wealth in Brazil

In addition to registering as a broker-dealer and launching a Wealth, the company reached a milestone of R$7 billion in assets under custody abroad and plans to open an office in Miami in 2025

SÃO PAULO, July 14, 2025 /PRNewswire/ -- Nomad, a Brazilian fintech company focused on international financial solutions for its citizens, is expanding its services by launching a Wealth in Brazil, for clients with more than US$25,000 invested in the platform. The announcement comes shortly after the creation of a new affiliate in the United States, Nomad Investment Services, Inc. (NIS), which is registered as a broker-dealer by FINRA (https://www.finra.org/).

Nomad Wealth will have a specialized team, not commissioned for product sales, and the service will be offered without extra costs or hidden fees. Clients will have personalized service, risk management and continuous monitoring, in addition to regular meetings, exclusive events and networking.

"We have seen larger transactions and many clients using our services on a recurring basis, and this is a sign of confidence that motivates us. We have always structured the company to operate on solid and internationally recognized regulatory bases," says Lucas Vargas, CEO of Nomad. "With our consulting model and broker-dealer license, we expect to become leaders in offshore investments for Brazilians." As part of its expansion process, Nomad is expected to open an office in Miami, Florida (USA) soon, and plans to expand its product range.

Currently, Nomad serves more than 3.5 million clients through its international debit account service, receipt of payments issued by foreign companies, and its investment platform. In just four years since its founding, fintech already has more than R$7 billion in assets under custody. Fintech reported annualized revenue of US$120 million, having generated cash for the first time earlier this year. Nomad is also preparing to open an office in Miami, Florida (USA) in the second half of 2025.

The Brazilian market has great potential for growth. According to a survey released this year by the Brazilian Association of Financial and Capital Market Entities (Anbima), 55% of Brazilians in classes A/B invest in financial products, with 31% using savings accounts and 38% saying they do not know or use any type of investment.

Nomad Investment Services (NIS) is a securities broker-dealer in the US, which also provides services exclusively to non-US Brazilian individuals through Global DTVM. Securities offered through Nomad Investment Services Inc., member FINRA/SIPC.

About Nomad

Founded in 2020, Nomad offers complete solutions for the international financial life of Brazilians, such as building wealth in dollars, transfers and international purchases. It has over 3.5 million customers, approximately R$7 billion in assets under custody and is one of the largest players in the market, having pioneered the idea of offering Brazilian residents a bank account in the US. In 2024, Nomad was included in the list of the "100 most promising fintechs in the world" by CB Insights. It was selected by KPMG's Emerging Giants program, which selects the most outstanding companies with high growth potential in Brazil and around the world. It ranked 2nd in the "LinkedIn Top Startups 2024" ranking, which recognizes the 20 companies that are growing the most, hiring and attracting the attention of investors in the country. It was also selected as one of the "100 Startups to Watch 2024", which recognizes the most promising companies in the Brazilian ecosystem and, in Brazil, is published by Revista Pequenas Empresas, Grandes Negócios.

SOURCE Nomad