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Nomo operates as a UK-based, Sharia-compliant digital bank, providing multi-currency accounts and international money management solutions. Its core offering allows individuals with global lifestyles to manage finances through a mobile application, enabling transactions in several major currencies including GBP, USD, EUR, KWD, AED, and SAR. The service focuses on digital accessibility and ease of use for customers seeking adherence to Islamic financial principles.
Launched in July 2021 by Boubyan Bank, Nomo emerged from the strategic insight to create the world's first Islamic international digital bank. This initiative leveraged the existing operational framework and authorizations of the UK-based Bank of London and The Middle East (BLME), in which Boubyan Bank holds a majority stake. This corporate origin provided the foundational infrastructure for its specialized banking services.
The service caters specifically to individuals with international lifestyles seeking Sharia-compliant financial products. Nomo's vision is to simplify global banking for its users, offering seamless multi-currency capabilities and local payment methods. The company aims to bridge conventional banking limitations with Islamic financial principles, delivering a modern, digitally-native solution for a globally mobile clientele.
Nomo has raised $3.0M across 1 funding round.
Nomo has raised $3.0M in total across 1 funding round.
Nomo Technologies is a Finnish startup founded in 2014 that specializes in digital 3D human body modeling and measurement technologies.[1] It develops tools to generate precise body measurements from digital models, targeting industries like IT, software, science, and engineering to enhance customer experiences, services, and product R&D.[1] The company serves sectors needing accurate human body data, solving challenges in sizing, fitting, and personalization for apparel, healthcare, and manufacturing by creating new technologies and business models that challenge traditional methods.[1] With 1-10 employees, it operates from Finland with a website at nomo3d.com, though specific funding or growth metrics are not publicly detailed.[1]
Nomo Technologies was established in 2014 in Finland, driven by the recognition of a growing demand across industries for digital human body measurements to improve services and R&D.[1] The founders aimed to pioneer technologies in 3D body modeling and measurement generation, positioning the company as a leader in reforming business models through innovative services.[1] Early focus centered on building passionate teams to develop these solutions, with no specific founder names or pivotal traction events detailed in available sources, but the company's vision has remained consistent on digital body tech innovation.[1]
Nomo Technologies rides the wave of 3D digital twin and AI-driven personalization trends, where accurate human body data fuels advancements in virtual fitting, telemedicine, and customized manufacturing.[1] Timing aligns with rising e-commerce demands for precise sizing (reducing returns) and AR/VR integration, amplified by post-pandemic remote measurement needs.[1] Market forces like AI progress in computer vision and growing wearable/integration tech favor its measurement generation services, influencing ecosystems by enabling data-driven R&D in underserved areas like ergonomic design and health tech.[1]
Nomo Technologies is poised to expand as AI-enhanced body scanning integrates with metaverse, health wearables, and sustainable fashion supply chains. Trends like generative AI for hyper-realistic models and global data privacy regulations will shape its path, potentially through partnerships or acquisitions by larger players in AR or e-commerce. Its influence could grow by standardizing digital body metrics, tying back to its core vision of leading measurement innovation for transformative services.[1]
Nomo has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in November 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2021 | $3M Seed | — | Iporanga Ventures | Announced |
Nomo has raised $3.0M in total across 1 funding round.
Nomo's investors include Iporanga Ventures.
