When was Nuo founded?

Nuo was founded in 2018 and raised its 1st funding round within a year of its incorporation.

Where is Nuo located?

Nuo is headquartered in Singapore, Singapore. It is registered at #49,12th Main Road, Sector 6,HSR Layout, HSR Layout, Bangalore, Bangalore South, Karnataka, India, 560102.

Which legal entities is Nuo associated with?

Nuo is associated with Nuo Capital Pte. Ltd. and 1 other.

How many employees does Nuo have?

As of Jun 30, 2026, the latest employee count at Nuo is 3.

Is Nuo a funded company?

Nuo is a funded company, having raised a total of $3.25M across 2 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Mar 23, 2018.

When was the latest funding round of Nuo?

Nuo's latest funding was a $***** Seed round on Oct 09, 2019, with participation from 10 investors. Its primary sector is Cryptocurrencies. In Singapore, the Cryptocurrencies sector has seen $445M in funding in 2026 to date.

What is the annual revenue of Nuo?

Annual revenue of Nuo is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Nuo rank among its competitors?

Nuo ranks 213th amongst 1672 active competitors, of which 270 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was BitGo, which secured an undisclosed amount in Jan, 2024.

Who are the top competitors of Nuo?

Nuo's top competitors include BitGo, Luno and Coins.ph. Among them, BitGo secured the most recent funding round in January, 2024.

Nuo - 2026 Company Profile, Team, Funding, Competitors & Financials

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 1672 active competitors, including 270 funded and 51 that have exited. Its top competitors include companies like BitGo, Luno 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
Part Of
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

Seed, Oct 09, 2019, $*****

Investors

Polychain & 9 more

Ranked

213^th among 1672 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

3 as on Jun 30, 2026

Similar Companies

BitGo & 2666 more

View Nuo's full profile

Nuo is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Nuo Capital Pte. Ltd. CIN: 201813243M , Singapore, Active		-	-
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)

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	6882539	Seed	4368713	3873832	1890402	3844247
Mar 23, 2018	6611760	Angel	6050435	7436050	Amrish Rau	Jitendra Gupta

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View details of Nuo's funding rounds and investors

The founders of Nuo are Siddharth Verma, Ratnesh Ray and Varun Deshpande.

Here 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
Siddharth Verma	Team	-	Current	7y 1m
Ratnesh Ray	Team	-	Current	7y 1m
Varun Deshpande	Team	-	Current	7y 1m
Sally-ann Elizabeth Tinkler	Independent board member	-	Current	5y 10m
ancjbyo	Independent board member	-	Past	4y 1m
aqhmilv	Independent board member	-	Past	5y 2m

View details of Nuo's Founder profiles and Board Members

Nuo's employee count trend

Nuo has 3 employees as of Jun 26. Here is Nuo's employee count trend over the years:

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Top competitors of Nuo include BitGo, Luno and Coins.ph. Here is the list of Top 10 competitors of Nuo, ranked by Tracxn score:

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	Goldman Sachs, Valor Equity Partners & 39 others	81/100
2nd	Luno 2013, London (United Kingdom), Acquired	App-based platform for crypto wallet and investments	$13M	Balderton Capital, Digital Currency Group ... & 13 others	80/100
3rd	Coins.ph 2014, Pasig (Philippines), Acquired	Digital wallet for Bitcoin assets	$40M	Innovation Endeavors, Ribbit Capital & 16 others	80/100
4th	Consensys 2014, Fort Worth (United States), Series D	Developer of blockchain and web3 software platform	$725M	Third Point, Marshall Wace & 58 others	80/100
5th	FalconX 2018, San Francisco (United States), Series D	Online platform offering cryptocurrency trading and investment solutions for institutions	$430M	B Capital, Sapphire Ventures & 26 others	79/100
6th	Amber Group 2017, Singapore (Singapore), Series C	Provider of blockchain-based financial solutions	$628M	Temasek, Fenbushi Capital & 32 others	77/100
7th	AVA 2018, Brooklyn (United States), Series B	Blockchain platform for smart contracts and custom subnets	$368M	Andreessen Horowitz, Metastable Materials ... & 22 others	75/100
8th	River Financial 2019, San Francisco (United States), Series B	Blockchain focused investment firm	$70M	Goldcrest, Kingsway Capital & 20 others	74/100
9th	BlockFi 2017, Jersey City (United States), Acquired	Online platform for trading, crypto-backed loans, interest accounts, and wallets	$466M	Valar Ventures, Bain Capital Ventures & 64 others	74/100
10th	Matrixport 2019, Singapore (Singapore), Series C	App-based platform offering crypto investment products and financial services solutions	$129M	DST Global, K3 & 19 others	73/100
213th	Nuo 2018, Singapore (Singapore), Seed	Decentralized banking platform	$3.25M	Astarc Ventures, DRAGONFLY & 8 others	38/100