When was Nelo founded?

Nelo was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Nelo located?

Nelo is headquartered in Nanacamilpa de Mariano Arista, Mexico.

Who is the current CEO of Nelo?

Kyle Miller of Nelo. They have also founded 1 company.

How many employees does Nelo have?

As of Jun 30, 2026, the latest employee count at Nelo is 86.

Is Nelo a funded company?

Nelo is a funded company, having raised a total of $25.6M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 16, 2021.

When was the latest funding round of Nelo?

Nelo's latest funding was a $***** Conventional Debt round on Sep 27, 2022, with participation from 1 investor. Its primary sector is Alternative Lending. In Mexico, the Alternative Lending sector has seen $939M in funding in 2026 to date.

Where does Nelo rank among its competitors?

Nelo ranks 60th amongst 273 active competitors, of which 72 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Addi, which secured $85M in Jul, 2026.

Who are the top competitors of Nelo?

Nelo's top competitors include Klarna, Square and Tabby. Among them, Addi secured the most recent funding round in July, 2026.

Nelo - 2026 Company Profile, Team, Funding & Competitors

Nelo is a series A company based in Nanacamilpa de Mariano Arista (Mexico), founded in 2019 by Kyle Miller. It operates as an App-based purchase financing platform for individuals. Nelo has raised $25.6M in funding from Two Sigma Ventures and Homebrew. The company has 273 active competitors, including 72 funded and 48 that have exited. Its top competitors include companies like Klarna, Square and Tabby.

Company Details

App-based purchase financing platform for individuals. It enables users to make installment payments at partnered stores. Users can also make installment payments for airtime bills. The application is available on Android and iOS platforms.

Website: www.nelo.mx/es
Social
Email ID: *****@nelo.mx

Key Metrics

Founded Year

2019

Location

Nanacamilpa de Mariano Arista, Mexico

Stage

Series A

Total Funding

$25.6M in 3 rounds

Latest Funding Round

Conventional Debt, Sep 27, 2022, $*****

Investors

Two Sigma Ventures & 14 more

Ranked

60^th among 273 active competitors

Employee Count

86 as on Jun 30, 2026

Similar Companies

Klarna & 234 more

View Nelo's full profile

Nelo has raised a total funding of $25.6M over 3 rounds. Its first funding round was on Apr 16, 2021. Its latest funding round was a Conventional Debt round on Sep 27, 2022 for $*****. 1 investor participated in its latest round. Nelo has 12 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Nelo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 27, 2022	7489285	Conventional Debt	1898383	5336657	8554913	4041926
Oct 12, 2021	9192123	Series A	3704284	2581726	5806503	Susa Ventures & 8 more
Apr 16, 2021	9102423	Seed	4200735	4229094	Homebrew	Susa Ventures & 3 more

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View details of Nelo's funding rounds and investors

The founders of Nelo is Kyle Miller. Kyle Miller is the CEO of Nelo.

Here are the details of Nelo's key team members:

Kyle Miller: Co-Founder & CEO of Nelo.
Contact Info: 1 email address

View details of Nelo's Founder profiles and Board Members

Nelo's employee count trend

Nelo has 86 employees as of Jun 26. Here is Nelo's employee count trend over the years:

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Top competitors of Nelo include Klarna, Square and Tabby. Here is the list of Top 10 competitors of Nelo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Klarna 2005, Stockholm (Sweden), Public	Developer of an online platform for point-of-sale financing	$4.19B	Sequoia Capital, Silver Lake & 137 others	85/100
2nd	Square 2009, San Francisco (United States), Public	Provider of integrated point of sale and business management solutions	$520M	Victory Park Capital Advisors, GIC & 58 others	84/100
3rd	Tabby 2019, Riyadh (Saudi Arabia), Series E	Provider of purchase financing solutions for businesses	$604M	STV, Global Founders Capital & 28 others	83/100
4th	Afterpay 2014, Melbourne (Australia), Acquired	Provider of buy now, pay later services with flexible options	$35.4M	Sarissa Capital, Tiger Global Management ... & 13 others	81/100
5th	Addi 2018, Bogota (Colombia), Series D	Provider of an online platform for point of sale financing	$324M	GIC, Andreessen Horowitz & 38 others	79/100
6th	Sunbit 2016, Los Angeles (United States), Series D	Online platform for point of sale financing	$159M	Zeev Ventures, Group 11 & 20 others	77/100
7th	Sezzle 2016, Minneapolis (United States), Acquired	Online platform for point of sale financing	$17.5M	E-Merge, Continental Investors & 10 others	76/100
8th	Zilch 2018, London (United Kingdom), Series D	Direct-to-consumer ad-subsidised payments network	$566M	Gauss Ventures, Ventura Capital & 92 others	76/100
9th	Zip 2013, Sydney (Australia), Public	Provider of an online platform for point-of-sale financing	-	Cooper, Westpac & 3 others	76/100
10th	Snap Finance 2012, Salt Lake City (United States), Series B	Provider of merchandise financing through partner stores	$30.1M	Summit Partners, Rock Creek Capital & 1 others	75/100
60th	Nelo 2019, Nanacamilpa de Mariano Arista (Mexico), Series A	App-based purchase financing platform for individuals	$25.6M	Susa Ventures, Two Sigma Ventures & 13 others	49/100