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Nexo

B2B payment rails for cross-border trade within Latin America

Montevideo, Uruguay · Founded 2021 · 11–50 people
Tier 1 — No AI ProcessingFull IntegrationUsage-based

About

Nexo provides businesses with a single API to send and receive B2B payments across 12 LATAM countries in local currencies — settling in T+1 without correspondent banking fees. Eliminates FX loss, compliance overhead, and multi-bank reconciliation.

Key Features

12-country local currency settlement network
T+1 settlement (no correspondent banking)
FX rate lock at payment initiation
ERP and accounting connectors (QuickBooks, SAP, Odoo)
AML/KYB compliance layer built-in

Proof Point

$42M in cross-border B2B volume processed in 2024. Average FX cost savings of 2.8% vs. traditional wire for clients. 97.3% settlement success rate across all corridors.
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