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Nelo
Mexican BNPL and consumer credit app with Mastercard cards
About Nelo
Nelo is a Mexico City buy-now-pay-later and consumer fintech founded in 2019 by former Uber employees Kyle Miller and Stephen Hebson. The app lets shoppers split purchases into up to eight biweekly payments over 120 days, shop at retailers including Amazon, Mercado Libre, Walmart, and Zara, pay utilities, withdraw cash, and use virtual and physical Mastercard cards. In September 2026 LatamList reported Nelo renewed a US$100 million credit facility with Victory Park Capital to fund its consumer credit book, citing about US$115 million in annualized revenue, one million active customers, three consecutive years of profitability, and roughly US$1 billion in purchase volume by end-2025. The company focuses on digitally underwriting Mexican consumers who want flexible installment credit at online and offline merchants.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBT✓Debt | Oct 2022 | $100M | — | Victory Park Capital | ↗ |
| SERIES A✓Equity / VC | Oct 2021 | $20M | $80M | Crossbeam Venture Partners · Emilie Choi · Susa Ventures · Homebrew | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Nelo is 140K monthly website visits, up 89.2% over the last three months. Nelo's team grew 39.1% over the past year.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
Homebrew
Crossbeam Venture Partners
Susa Ventures- RCRogue Capital
Unpopular Ventures
Series A7 investors entered at this stage
Two Sigma Ventures- ECEmilie Choi
Gaingels
Karman Ventures
Gokul Rajaram- PCPrimer Capital
Anthony Pompliano
Series B and later1 investor entered at this stage
Victory Park Capital
Other known investors5 additional known investors
Aleka Capital
Calm Ventures
Fifth Down Capital
Kyra Durko
Rogue Capital Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Nelo on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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