description
Starting with Buy Now Pay Later (BNPL) in Mexico, Nelo is on a mission to unlock digital commerce in Latin America.
Partnered
2020
Exited
Founders
Kyle Miller
Industry
FinTech
Why we invested
Infinite Canvas is a publisher for user-generated, creator-led games. Infinite Canvas empowers game developers by providing development, engineering, and monetization support.
"Nelo is a payments company based in Mexico. Consumers use the Nelo app to buy from thousands of the most popular merchants in Mexico, electing to either pay over time or pay now. We have 35 employees and offices in Mexico City and Brooklyn."
Kyle Miller
More from the team
"The rapid rise of smartphones and real-time payments in Mexico unlocks an opportunity to build a 100% digital payments product that is easier to use and cheaper than what's currently available. At Nelo, we're reimagining what consumer credit should look like, and building a better way to pay."
Kyle Miller
Experience with Crossbeam
"Ali and the Crossbeam team have been one of our most helpful investors. If you are an early-stage company that will need to raise debt capital, you need Crossbeam as investors. They were invaluable thought partners that helped us navigate our debt raise process from beginning to end."
Kyle Miller
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Contact us
We are always around! We take pride in moving quickly - feel free to reach out at the idea stage or send your suggestions on novel asset classes we should be exploring.
© 2023 Crossbeam Venture Partners