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Nuo has raised $3.0M across 1 funding round.
Key people at Nuo.
Nuo has raised $3.0M in total across 1 funding round.
Nuo Network operates a decentralized debt marketplace, connecting lenders and borrowers globally via smart contracts. The platform creates a transparent crypto banking ecosystem, allowing users to securely store, spend, and grow digital assets. It leverages blockchain technology to deliver essential financial services within an open and secure environment.
Varun Deshpande, Ratnesh Ray, and Siddharth Verma co-founded Nuo Network, driven by the insight to construct an open financial system. Their combined vision aimed to democratize access to financial tools globally. The founders recognized the transformative potential of blockchain technology to bridge financial inclusion disparities, particularly within emerging markets.
Nuo Network serves individuals and institutions engaging with decentralized finance, providing solutions for lending, borrowing, and managing cryptocurrency assets. The company’s vision centers on expanding financial inclusivity, enabling access to robust financial services for a broad global population. It plans to achieve this by fostering a transparent debt platform powered by blockchain technology.
Key people at Nuo.
# Nuo: A Technology Company Overview
Based on the search results, there are multiple companies operating under the "Nuo" brand, each serving distinct markets. The most prominent appears to be NuoFinTech, a financial technology company with over 25 years of IT services experience that develops specialized solutions for the financial sector[1]. Additionally, there is NUO, an Ecuador-based IT services and consulting firm founded in 2009 with operations across Latin America[5], and NUO Asset Management Platform, a cloud-based solution for renewable energy asset management developed by Vector Renewables[3].
NuoFinTech positions itself as a next-generation fintech company focused on making the financial industry "more secure and nimble" through innovative technology solutions[1]. The company serves financial institutions by developing and supporting products across multiple fintech domains, including microfinance, anti-money laundering compliance, core banking infrastructure, and cloud adoption services[1].
The Ecuador-based NUO operates as an IT services and consulting firm with 87 employees, specializing in technological solutions across multiple industries[5]. Founded in 2009 by Francisco Barba, the company maintains offices in Quito, Guayaquil, and Lima, positioning itself as a regional technology partner[5].
The NUO Asset Management Platform serves a different market entirely—renewable energy operators seeking to optimize asset performance through digitalization and data analytics[3].
NuoFinTech's focus areas include:
NUO Asset Management Platform differentiates through:
These entities reflect distinct trends in technology services. NuoFinTech addresses the ongoing digitalization of financial services, particularly in emerging markets where microfinance and compliance automation remain critical infrastructure gaps. The Ecuador-based NUO represents the growing regional IT services ecosystem in Latin America, serving local and regional enterprises. The NUO Asset Management Platform exemplifies the broader shift toward data-driven operations in renewable energy, aligning with global decarbonization trends and the need for sophisticated portfolio optimization tools.
The fragmented "Nuo" brand landscape suggests multiple independent entities rather than a unified company. NuoFinTech appears positioned to benefit from continued fintech adoption in emerging markets, particularly as regulatory requirements around AML compliance intensify. The renewable energy platform stands to gain from accelerating renewable energy deployment globally. The regional IT services firm operates in a competitive but growing market as Latin American enterprises modernize their technology infrastructure.
Nuo has raised $3.0M in total across 1 funding round.
Nuo's investors include 100X.VC, Accel, Altair Capital Management, Andreessen Horowitz, Antler, Cota Capital, Foundamental, Fuel Ventures, Hoxton Ventures, Iterative, Madrona Ventures, Polygon.
Nuo has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in April 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2020 | $3M Seed | — | 100X.VC, Accel, Altair Capital Management, Andreessen Horowitz, Antler, Cota Capital, Foundamental, Fuel Ventures, Hoxton Ventures, Iterative, Madrona Venture Group, Polygon Labs, Tribe Capital, Uncorrelated Ventures, Balaji Srinivasan, Evan Moore, Hiten Shah, Surojit Chatterjee, Tony Jamous, Will Martin | Announced |
