Nomod provides a payment processing platform that enables businesses to accept card payments and manage transactions through payment links, QR codes, and mobile wallets like Apple Pay and Google Pay. This solution addresses the challenges of slow cash flow and cumbersome hardware by offering two-day payouts and a user-friendly interface for both online and in-person payments.
Funding
$3.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
KCFounders
Product
Problem
Many businesses, particularly in emerging markets, face challenges with accepting card payments due to reliance on cumbersome hardware, complex contracts, and slow payout times, hindering cash flow and growth.
Solution
Nomod provides a payment platform designed to streamline transaction management and facilitate card acceptance for businesses. The platform enables businesses to accept payments online and in-person through payment links, QR codes, and mobile wallets, including Apple Pay and Google Pay. Nomod offers transparent pricing, eliminating setup fees, monthly charges, or minimums. The platform also features fast, two-day payouts to improve cash flow, multi-currency support for international transactions, and team management capabilities to allow multiple team members to process payments.
Target Audience
Nomod primarily targets small and medium-sized businesses (SMBs) and entrepreneurs in the UAE and KSA looking for a simple, mobile-first solution to accept card payments and manage transactions.
Features
- Payment links: Create and share payment links via WhatsApp, Instagram, Telegram, and email.
- Invoicing: Generate and send professional invoices with options for discounts, attachments, and recurring billing.
- In-person payments: Accept contactless payments via Tap to Pay (USD only), QR code scanning, or manual card entry.
- Team management: Add and manage team members with role-based access control.
- Multi-currency support: Charge in over 135 currencies.
- Customer management: Capture and track customer details.
- Transaction reporting: Access detailed reports on payment history.
- Integration with Stripe Connect for secure payment processing.
- 3D Secure 2 support for secure customer authentication.