See other companies on Welcome to the Jungle
Nexo
Digital asset management
- 501-1000 employees
- B2C
- Cryptocurrency
- Personal finance
- SaaS
- The Angel, London, UK
Jump to section
Company mission
To successfully solve inefficiencies in the lending markets by creating innovative, convenient and sustainable solutions.
Our take
Cryptocurrency, once a niche internet phenomenon, is now a major part of the fiscal landscape, and digital assets make up a large part of many people’s financial portfolio. Nexo aims to make managing them that bit easier, with its digital wallet for crypto.
It sets out to give you the greatest flexibility over how you earn, save and pay. It supports 35 different cryptocurrencies, and offers the ability to buy, exchange or borrow funds, as well as daily interest payouts and the Nexo Card - a credit card that lets you spend your crypto without having to sell it.
Its platform has flexibility that offers strong user appeal, and has cemented its place in the market with over 5 million users. Its status was somewhat rocked, however, by eight US states taking legal action against it in 2022, accusing it of failing to register with the state authorities correctly. The company has now paid its fine of $22.5 million and has discontinued its Earn Interest Product.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Flexible working conditions
- Be part of the financial revolution
- Team Hangouts
- Technical Challenge
- Bonus options in digital assets
Company values
- Efficiency
- Transparency
- Inclusivity
Funding (1 round)
Apr 2018
$52.5m
EARLY VC
Total funding: $52.5m
Leadership
Kosta Kantchev
(Executive Chairman & Co-founder)Previously Co-founder and Board Member at Credissimo.
Antoni Trenchev
(Managing Partner & Co-founder)A former Member of Parliament in Bulgaria, they were CIO and Legal Advisor at MDL Ltd.
Kalin Metodiev
(Co-founder)Previously Founder and CEO of Optima Financial, Director of Investment Banking at Karoll, National Director of Sales and Private Banking TBI Bank Bulgaria, and Director of Investments and Portfolio Management at Allianz.