We are pivoting

March 2, 2020 by George Obed

The purpose of Nomad Money has and will always be the same: to help people better manage their money.

We started tackling their problem using a mobile app and we have received a lot of great feedback about our solution. But we learned along the way that although Nomad can provide global digital bank accounts, it is difficult to secure all the partners and regulatory requirements.

The new platform

This is why we have decided to pivot and build a new platform that places more emphasis on a global money management.

Today, many of us have bank accounts in many more than one bank or in multiple countries with scattered financial records. Having a complete overview of your money in one place to help combat poor financial habits. And not to mention, the lack of personalisation of offered products.

This is the opportunity we have in front of us. We want to help every individual to get better visibility on the health of their finances. Metrics will still be present, but there will be a greater focus on visualising the state of finances making it simple to get fast, clear information on the status of your finances.

Nomad money apps
A sneaky peak at our Nomad Money app
What it means for the current platform

We are still in the process to building the new beta platform but you can already signup for it via https://nomadmoney.app. All existing Nomad Money customers will have priority access to the beta.

Going forward we will continue to learn from our customer and hope to develop a fit for purpose product to give status updates supported by complex metrics.

We are excited about this

It hurts us to be discontinuing a product that thought so highly of, and we are sorry for the change in offering.

But we are also excited about the future lying ahead and hope to see you joining us in this next stage.

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