May 18, 2021: Mumbai Angels Network, a premium platform for early-stage investments, has invested an undisclosed amount in Nemo, a smart cloud-based neobank for small businesses. An easy, secure, and smart cloud based neobank for small businesses that unifies banking accounting, credit, and operations, Nemo is the brainchild of IIM Ahmedabad alumni Ashish Deswal and Jeevan Gopisetty. Based out of Hyderabad, Nemo is on a mission to create a first-of-its-kind business through its banking platform that aims to simplify the financial aspect of business for India’s MSMEs and empower them with the right tools, resources, and networks that large corporations have access to. The freshly infused funds will be utilized to help Nemo accelerate its product development, hiring, and customer acquisition. |
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