# Nelo: Finance, Mexico City, Mexico

> Nelo: Nelo increases the buying power for consumers in LatAm. Based in Mexico City, Mexico. Founded 2019.

Source: https://millionrounds.com/startup/nelo (Millionrounds; every figure on the page links to its filing or article)

Mexico · [Finance startup](https://millionrounds.com/companies)

# Nelo

Nelo increases the buying power for consumers in LatAm.

Funding reported Last round: Debt financing

Finance Mexico City, Mexico

Company summary

- **Founded:** 2019 7 years old
- **Team:** 11 11 to 50 people
- **Funding reported:** 123M as listed, currency not stated
- **Last round:** Debt financing Oct 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Nelo has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Nelo

Nelo increases the buying power for consumers in LatAm.

Backed by Two Sigma Ventures, Homebrew, Susa Ventures, and more.

## What company datasets say Nelo raised

Funding, as reported

Reported in all **123M** in the source's currency

Rounds **3**

Last round **Debt financing**

Last round date **Oct 2022**

Investors listed **16**

## On 2 portfolio pages

Investors who name them

- [Homebrew](https://millionrounds.com/fund/homebrew)
- [Eastward Capital Partners](https://millionrounds.com/fund/eastward-capital-partners)

Each firm lists Nelo on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## Finance in Mexico

Startups like it

- [**Creze** Mexico City · founded 2015](https://millionrounds.com/startup/creze)
- [**Fuentebuena** Puebla · founded 2022](https://millionrounds.com/startup/fuentebuena)
- [**tivos** Mexico City · founded 2020](https://millionrounds.com/startup/tivos)
- [**Truface, S.A.P.I. de C.V.** Ciudad de Mexico · founded 2022](https://millionrounds.com/startup/truface-s-a-p-i-de-c-v)
- [**Flexza** Monterrey](https://millionrounds.com/startup/flexza)
- [**trebu** Mexico City · founded 2022](https://millionrounds.com/startup/trebu)
- [**Arrenda1** Santiago de Queretaro · founded 2016](https://millionrounds.com/startup/arrenda1)
- [**LendInc** founded 2017](https://millionrounds.com/startup/lendinc)

## Is this your company?

Add your raise, your deck and your story, and put Nelo in front of investors. Or tell us what we have wrong.

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