Nuo - About the company
Nuo is a seed company based in Singapore (Singapore), founded in 2018 by Siddharth Verma, Ratnesh Ray and Varun Deshpande. It operates as a Decentralized banking platform. Nuo has raised $3.25M in funding from Polychain and Surge. The company has 1869 active competitors, including 273 funded and 53 that have exited. Its top competitors include companies like BitGo, Consensys and Coins.ph.
Company Details
Nuo is a decentralized banking platform. Provides a P2P debt marketplace for crypto backed loans, margin trading platform and a marketplace of bonds. Also provides a cryptocurrency wallet. The app is available for Android platform.
- Website
- getnuo.com
- Social
- Email ID
- *****@getnuo.com
- Registered Address
- #49,12th Main Road, Sector 6,HSR Layout, HSR Layout, Bangalore, Bangalore South, Karnataka, India, 560102
Key Metrics
Founded Year
2018
Location
Singapore, Singapore
Stage
Seed
Total Funding
$3.25M in 2 rounds
Latest Funding Round
Ranked
213th among 1869 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
3 as on Aug 31, 2026
Legal entities associated with Nuo
Nuo is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
NUO CAPITAL PTE. LTD. UEN: 201813243M , Singapore, Active | Apr 18, 2018 | - | - | |
NUOFOX LABS PRIVATE LIMITED CIN: U74999KA2017PTC180136 , India, Active | Apr 03, 2017 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 11 (As on Aug 31, 2025) |
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Nuo's funding and investors
Nuo has raised a total funding of $3.25M over 2 rounds. Its first funding round was on Mar 23, 2018. Its latest funding round was a Seed round on Oct 09, 2019 for $*****. 10 investors participated in its latest round. Nuo has 6 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of Nuo:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 09, 2019 | 1683592 | Seed | 5785145 | 3929908 | 4444551 | 2167730 |
Mar 23, 2018 | 6057567 | Angel | 9896769 | 8093836 |
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Nuo's founders and board of directors
Founder? Claim ProfileHere are the details of Nuo's key team members:
- Siddharth Verma: Co-Founder of Nuo and founder of 4 other companies, including Juno, Nuofox and Nuo Network. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 email address
- Ratnesh Ray: Co-Founder of Nuo and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 2 email addresses
- Varun Deshpande: Co-Founder of Nuo. They serve on the board of 1 company.Contact Info: 1 email address
Nuo's Board of Directors
Nuo's board has 4 active members. Siddharth Verma, Ratnesh Ray and Varun Deshpande are part of team and Sally-ann Elizabeth Tinkler is independent board member.Here is the list of Nuo's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 3m | |
Team | - | Current | 7y 3m | |
Team | - | Current | 7y 3m | |
Independent board member | - | Current | 6y 0m | |
rlk{lyn | Independent board member | - | Past | 1y 4m |
vlpuutc | Independent board member | - | Past | 4y 3m |
View details of Nuo's Founder profiles and Board Members
Nuo's employee count trend
Nuo has 3 employees as of Aug 26. Here is Nuo's employee count trend over the years:
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Nuo's Competitors and alternates
Top competitors of Nuo include BitGo, Consensys and Coins.ph. Here is the list of Top 10 competitors of Nuo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | BitGo 2013, Palo Alto (United States), Public | Platform that offers crypto based financial services | $170M | 81/100 | |
2nd |  Consensys 2014, Fort Worth (United States), Series D | Developer of blockchain and web3 software platform | $725M | 80/100 | |
3rd | Coins.ph 2014, Pasig (Philippines), Acquired | Digital wallet for Bitcoin assets | $40M | 79/100 | |
4th |  FalconX 2018, San Francisco (United States), Series D | Online platform offering cryptocurrency trading and investment solutions for institutions | $430M | 79/100 | |
5th | Amber Group 2017, Singapore (Singapore), Series C | Provider of blockchain-based financial solutions | $628M | 77/100 | |
6th | _1587622150601.png?devicePixelRatio=2&height=30&width=30){kind=logo} Luno 2013, London (United Kingdom), Acquired | App-based platform for crypto wallet and investments | $13M | 76/100 | |
7th | AVA 2018, Brooklyn (United States), Series B | Blockchain platform for smart contracts and custom subnets | $368M | 76/100 | |
8th |  Fireblocks 2018, New York (United States), Series E | Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service | $1.04B | 75/100 | |
9th |  BlockFi 2017, Jersey City (United States), Acquired | Online platform for trading, crypto-backed loans, interest accounts, and wallets | $466M | 74/100 | |
10th |  River Financial 2019, San Francisco (United States), Series B | Blockchain focused investment firm | $70M | 74/100 | |
213th | Decentralized banking platform | $3.25M | 39/100 |
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Nuo's Investments and acquisitions
Nuo has made no investments or acquisitions yet.
Reports related to Nuo
Here is the latest report on Nuo's sector:
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