Nelo logo — Nelo increases the buying power of consumers in Latin Americ...

Nelo

Nelo increases the buying power of consumers in Latin America.

Founded 2019 Mexico Mexico 72 employees Debt Financing Total: $123.00M Finance, Financial Services +4

General Information

Company Name Nelo
Founded Year 2019
Location Mexico Mexico
Employees 72
Industries Finance, Financial Services, Fintech +3
Funding Stage Debt Financing
Business Model B2C, Embedded Finance
Revenue Model Service Fee, Subscription, Transaction Fee
Social

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About Nelo

Nelo, founded in 2019 and headquartered in Mexico, is a fintech company with a mission to boost the purchasing power of consumers throughout Latin America. Operating within the realms of Finance, Financial Services, Fintech, Information Technology, Mobile, and Payments, Nelo anchors itself on values like ownership, continuous improvement, agility, transparency, and a customer-first approach.

With the slogan "Nelo increases the buying power of consumers in Latin America", the company aims to provide tailored credit solutions directly aligned with consumer needs. On October 19, 2022, Nelo secured a $100 million debt financing investment from Victory Park Capital, highlighting strong investor confidence in its business model and growth potential.

Taxonomy: Consumer Finance, Mobile Application, Financial Technology, Buy Now Pay Later, Digital Payments, Fintech Innovation, Credit Solutions, Customer Empowerment, Financial Inclusion, User Experience, Latin America Market, Payment Solutions, Consumer Credit

Services & Products

instant credit approval
flexible payment plans
credit history improvement
e-commerce shopping
bill payment services
cash withdrawal services
VIP credit card services

Target Customers

individual consumers online shoppers credit-seeking individuals users of mobile financial apps

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $100.00M 1
Victory Park Capital
19 Oct 2022
Series A $20.00M 9
Gaingels, Susa Ventures +7
12 Oct 2021
Seed Round $3.00M -
16 Apr 2021

Nelo Alternatives & Competitors

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Nelo vs
ZoodPay
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Nelo vs
Aplazo
Aplazo Mexico

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in3
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FAQ About Nelo

Nelo increases the buying power of consumers in Latin America.
Nelo was founded in 2019.
Nelo is headquartered in Mexico.
Nelo operates in Finance, Financial Services, Fintech, Information Technology, Mobile and Payments. Its work centres on Consumer Finance, Mobile Application, Financial Technology and Buy Now Pay Later. Its customers include individual consumers, online shoppers and credit-seeking individuals.
Nelo has a B2C and Embedded Finance business model. Its revenue comes from Service Fee, Subscription and Transaction Fee.
Nelo has approximately 72 employees.
Nelo has completed 3 funding rounds, raising a total of $123.00M. The latest funding stage is Debt Financing.
Nelo offers: instant credit approval, flexible payment plans, credit history improvement, e-commerce shopping, bill payment services, cash withdrawal services, VIP credit card services.
Top alternatives and competitors to Nelo include ZoodPay, Aplazo, in3, Flux, Smartpay. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Nelo and ZoodPay are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Nelo, https://bouncewatch.com/company/nelo, updated 4 April 2026. When citing, please name BounceWatch and link this page.

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