Nelo
Nelo increases the buying power of consumers in Latin America.
72 employees · est. 2019 · Mexico
Nelo is the larger of the two.
Side-by-Side Comparison
| Metric | Covered Holdings | Nelo |
|---|---|---|
| Founded | ||
| Founded | Not tracked yet | 2019 |
| Headquarters | ||
| Headquarters | Dallas, United States | Mexico |
| Employees | ||
| Employees | 3 | 72 larger |
| Industry | ||
| Industry | Finance, Financial Services | Finance, Financial Services, Fintech |
| Funding Stage | ||
| Funding Stage | Not tracked yet | Debt Financing |
| Total Funding | ||
| Total Funding | Not tracked yet | $123.00M |
| Funding Rounds | ||
| Funding Rounds | Not tracked yet | 3 |
| Services | ||
| Services | Not tracked yet | instant credit approval, flexible payment plans, credit history improvement, e-commerce shopping, bill payment services, cash withdrawal services, VIP credit card services |
| Target Customers | ||
| Target Customers | Not tracked yet | individual consumers, online shoppers, credit-seeking individuals, users of mobile financial apps |
| Taxonomy | ||
| Taxonomy | FinTech, Credit Solutions, Financial Inclusion, Credit Scoring, Technology, Lending, Credit Access, Underbanked, Alternative Credit, Consumer Finance | 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 |
| Website | ||
| Website | coveredforall.com | nelo.mx |
About Covered Holdings
Covered Holdings is a finance and financial services startup that aims to revolutionize the credit options available to average working Americans with its slogan, "Credit at the speed of life™". The company addresses the limitations faced by individuals with credit scores below 700, as most traditio...
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...
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BounceWatch watches Covered Holdings and Nelo for new funding, fast hiring, new executives and a change of software vendor. When one happens, we email you the same day.
Funding, hiring, leadership and stack changes at Covered Holdings and Nelo — by email.
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Compiled from the BounceWatch company index. We last looked at Covered Holdings on 14 Nov 2024, and Nelo on 4 Apr 2026. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.