“Can a logistics vertical SaaS platform become the financial operating system for trucking fleets by embedding fuel spend management and invoice factoring into one platform?”
Nomad (nomadglobal.com) began as a fintech enabling Brazilians to open US bank accounts, offering FX, investment products, and direct deposit. In parallel, Nomad (nomad.io) operates as a vertical SaaS platform for the trucking/logistics industry in Canada and the US, anchored by a fuel card program (Nomad Fuel). In mid-2026, the logistics platform launched Nomad Pay — an embedded invoice factoring product — expanding from spend management into embedded lending for carriers and freight factors.
Nomad runs its ledger on Modern Treasury.
The Embedded Finance Index 2026 maps 3 layers in Nomad's stack: Ledger (Modern Treasury); Lending (Nomad Pay (embedded invoice factoring) and Invoice funding for carriers); Treasury (Modern Treasury).
Nomad is headquartered in Toronto, Canada (logistics platform) / São Paulo, Brazil (fintech).
Nomad has raised $52M+ in total (latest round: Series B, May 2022).
Get a read on where your own stack stands against Nomad and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.