Nomad
“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?”
HQToronto, Canada (logistics platform) / São Paulo, Brazil (fintech)
Total raised$52M+
Latest roundSeries B, May 2022
IndustryVertical SaaS / Logistics
The story
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.
Product timeline
2021
Raised $20M Series A to expand US bank account access for Brazilians.· banking
2022
Raised $32M Series B led by Stripes to build USD-denominated product suite for Brazilians.· banking
2026
Launched Nomad Pay, an embedded invoice funding and factoring solution for carriers and freight factors built into the Nomad logistics platform.· lending
The stack
2 layers disclosed in Nomad’s embedded-finance stack
Ledger
Lending
in the full report
Accounting gap: significant
2 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.