What is Nelo?
Nelo operates as a sophisticated financing service designed to bridge the gap between consumer purchasing power and merchant conversion rates. By enabling users to settle online transactions through flexible installment plans, the company effectively democratizes access to credit at the point of sale. This model addresses critical friction points in the e-commerce checkout experience, providing a seamless integration for merchants while offering consumers a transparent alternative to traditional revolving credit products. As a key player in the fintech ecosystem, Nelo leverages data-driven underwriting to mitigate risk while maintaining high conversion efficiency across diverse digital storefronts.
How much funding has Nelo raised?
Nelo has raised a total of $120M across 2 funding rounds:
Series A
$20M
Debt
$100M
Series A (2021): $20M with participation from Crossbeam, Homebrew, Susa Ventures, and Two Sigma Ventures
Debt (2022): $100M led by Victory Park Capital
Key Investors in Nelo
Victory Park Capital
Victory Park Capital Advisors, LLC (VPC) is an investment firm that provides capital to emerging and established companies worldwide, specializing in credit structuring and special situations investing.
Susa Ventures
Susa Ventures is an early-stage venture capital firm that invests in seed-stage startups, providing capital, community, and talent to help build the next generation of billion-dollar companies.
Two Sigma Ventures
Two Sigma Ventures is an early-stage venture capital firm that invests in transformative companies leveraging information growth, data science, and advanced engineering to drive innovation.
What's next for Nelo?
With the recent infusion of capital, Nelo is expected to prioritize the expansion of its merchant network and the refinement of its credit-scoring algorithms. The strategic focus will likely shift toward deepening its penetration in emerging markets where digital payment adoption is accelerating. By utilizing this financing to bolster its balance sheet, Nelo is well-equipped to navigate the complexities of the current macroeconomic environment, ensuring sustained growth and the continued development of its installment-based financial products. Future initiatives will likely center on enhancing user retention through personalized credit offerings and strengthening the underlying technology stack to support higher transaction volumes.
See full Nelo company page
