Nomod Analysis: $3M Raised
What is Nomod?
Nomod is a payment platform enabling businesses to accept card payments online and in-person through payment links, QR codes, and various payment methods.
Employees
40
Founded
2019
Revenue
<$5 Million
Business Model
Subscription fees and transaction commissions from payment processing services.
ZoomInfo
Product Features & Capabilities
- Payment Links, Invoices, In-Person Payments, Two Day Payouts, Tap To Pay, Multi Currency Support, Discounts, Tips & Taxes, Customer Management, Transaction Insights, Receipt Sending.
Pricing
- Two Days Plan: starts from 2.37% + 0.20 AED
- Weekly Plan: starts from 2.27% + 0.20 AED
- Minimum payout on each plan: AED 200
- 5% VAT on Nomod fees applies
How much Nomod raised
1 - $3.4 million
Approximately 39 months agoLead Investor: Lightspeed, Stripe, Max Levchin
Who are the founders of Nomod
OK
Omar Kassim
Founder and CEO
Investors
- Global Founders Capital
- Y Combinator
- Kingsway Capital
- Goodwater Capital
- Orange Corner Innovation Fund (OCIF)
Competitors Overview
Nomod operates in the payment processing market, facing competition from several notable companies. The main competitors include:
- Tide: A financial business platform that offers digital banking services, including FSCS-protected bank accounts. Tide's focus on banking solutions tailored for b
Market Focus
Nomod primarily focuses on the financial technology (fintech) industry, specifically as a payment platform that enables businesses to accept card payments both online and in-person.
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