Nexo 
Finance
The world’s first instant crypto overdrafts. Nexo is powered by a leading fintech group serving millions of people across Europe for over 10 years. The NEXO Token is the world’s first US SEC-Compliant Dividend-Paying Asset-Backed Security Token and is backed by the underlying assets of Nexo’s loan portfolio.
Nexo NEXO Rank 56 | USD Amount | - |
| BTC Amount | - |
| ETH Amount | - |
| Price | $1.96 |
| Market Cap | $1,098,336,645 |
| Fully Diluted Market Cap | $1,961,315,400 |
| BTC Price | 0.00004187 |
| ETH Price | 0.00132486 |
The Problems
- Idle Value of Digital Assets - Investors around the globe currently own digital and crypto assets worth billions of dollars that remain idle. The value of those assets is expected to grow to over $5 trillion by 2025.
- Slow Liquidation Process - Liquidating digital assets is a slow process that might take from a few days up to a couple of months until completion, depending on the asset class.
- Loss of Ownership - It is not possible to conveniently leverage a digital asset in order to pursue a lucrative investment opportunity or meet a short-term liquidity need without having to sell assets with good upside potential.
- Expensive & Tax Inefficient - By selling a digital asset (i.e. Bitcoin), its owner incurs exchange and withdrawal fees and becomes liable to capital gain tax which makes short-term liquidation an expensive and tax inefficient solution.
- Cumbersome Credit Checks - Access to unsecured financing normally requires lengthy and cumbersome credit checks that can result in lower personal credit score.
- Lack of Trust and Transparency - In many cases, transactions involving digital assets are settled through P2P agreements that lack security and transparency on both sides.
Nexo's solutions
- Unlock the Value of Digital Assets - Clients obtain an instant loan in fiat currency (EUR, USD, etc.) or cryptocurrency by placing their digital assets in an Nexo Account.
- Quick Access to Cash - Access cash conveniently anywhere around the world via bank transfer, cryptocurrency or the Nexo credit card and seize investment opportunities or meet liquidity needs immediately.
- Retain Ownership - Clients retain 100% ownership of their digital assets. Without the need to sell them, the borrowers now keep the full benefit from the assets' value appreciation.
- Cost & Tax Efficient - Crypto оverdrafts are an affordable, flexible and efficient solution that also does not incur any tax liabilities or exchange and hidden fees.
- No Credit Checks - Nexo offers an instant crypto loan, which eliminates the need for cumbersome credit checks that might lead to credit score deterioration.
- Transparent Blockchain Contracts - Ownership of digital assets is secured and guaranteed by transparent blockchain loan Repo for Digital Assets contracts.
Features & Highlights
- Live Automated Platform - Nexo has a fully operational instant lending platform with seamless user experience and military-grade security with 256-bit encryption.
- Insured Custodian - Nexo partners with to secure all crypto assets. BitGo is insured by Lloyd's, backed by Goldman Sachs and is CCSS Level 3 and SOC 2 compliant.
- Regulatory Compliance - Nexo is using to adhere to the strictest KYC and AML global compliance standards. Onfido is also trusted by Coinbase, Revolut, HSBC, Nationwide, TransferWise and Bittrex.
-
Q1 2007
Credissimo Founded: four entrepreneurs set out to disrupt the inefficient lending market by providing convenient online consumer loan products. This was possible through adoption of the latest technologies.
-
Q1 2010
Credissimo developed in-house an innovative technology that introduced automated, near-instant credit approval seven days a week.
-
Q1 2013
The development of a user-friendly mobile website and iPhone/Android apps allowed the company to process over 1,000,000 online loan applications.
Driven by a vision to provide convenient solutions for its customers, Credissimo diversified its products and introduced e-commerce financing and direct utility bill payments – 300+ merchants onboarded.
-
Q1 2014
Initial Public Offering (IPO) on May 7, 2014, Credissimo successfully listed 2.5 million shares on the public markets.
-
Q1 2015
Adopting Machine Learning and Big Data technology further enhanced Credissimo's loan scoring algorithms.
-
Q1 2016
Credissimo pioneered a Bitcoin loan repayment option. The company was also the first consumer lender in the world to launch an automated lending Chatbot (for which it received "Innovation of the Year" Award).
-
Q1 2017
Credissimo reached the Top 10 Alternative Finance in European FinTech Awards 2017 and received two Forbes Business Awards 2017 for “Financial Sector Innovations” and “Quality of Services”.
Nexo: by continuing to work at the technological frontier, Credissimo is powering the world's first instant crypto-backed loans.
-
Q1 2018
1st Airdrop campaign.
Finalize Token Pre-Sale.
-
Q2 2018
Listing NEXO Token On Exchanges. Launch Instant Crypto Overdrafts in USD.
Secured by BTC and ETH.
Finalize Main Token Sale.
Listing NEXO Token On Exchanges.
Start M&A Process of Acquiring a FDIC-insured Banking Institution.
EUR Currency support.
Launch Nexo Credit Card.
-
Q3 2018
Additional Altcoins / Tokenized assets Support .
JPY Support.
KYC/AML Automation.
Launch Nexo Mobile Wallet.
Launch Affiliate Program & Tell a Friend Program.
-
Q4 2018
Increase Maximum Overdraft Limits.
Second Nexo Airdrop campaign.
Rank 56
Nexo NEXO
| USD Amount | - |
| BTC Amount | - |
| ETH Amount | - |
| Price | $1.96 |
| Market Cap | $1,098,336,645 |
| Fully Diluted Market Cap | $1,961,315,400 |
| BTC Price | 0.00004187 |
| ETH Price | 0.00132486 |
The world’s first instant crypto overdrafts. Nexo is powered by a leading fintech group serving millions of people across Europe for over 10 years. The NEXO Token is the world’s first US SEC-Compliant Dividend-Paying Asset-Backed Security Token and is backed by the underlying assets of Nexo’s loan portfolio.
Nexo (NEXO) is a cryptocurrency, the latest Nexo price is $1.96, down -6.83% in the last 24 hours. Nexo market cap is $1,098,336,645 with a 24h volume of $74,973,383. It has a circulating supply of 560,000,011 NEXO and a total supply of 1,000,000,000 NEXO. Nexo reached it's all time high on 20 February 2021 when it was trading at $2.54.
The Problems
- Idle Value of Digital Assets - Investors around the globe currently own digital and crypto assets worth billions of dollars that remain idle. The value of those assets is expected to grow to over $5 trillion by 2025.
- Slow Liquidation Process - Liquidating digital assets is a slow process that might take from a few days up to a couple of months until completion, depending on the asset class.
- Loss of Ownership - It is not possible to conveniently leverage a digital asset in order to pursue a lucrative investment opportunity or meet a short-term liquidity need without having to sell assets with good upside potential.
- Expensive & Tax Inefficient - By selling a digital asset (i.e. Bitcoin), its owner incurs exchange and withdrawal fees and becomes liable to capital gain tax which makes short-term liquidation an expensive and tax inefficient solution.
- Cumbersome Credit Checks - Access to unsecured financing normally requires lengthy and cumbersome credit checks that can result in lower personal credit score.
- Lack of Trust and Transparency - In many cases, transactions involving digital assets are settled through P2P agreements that lack security and transparency on both sides.
Nexo's solutions
- Unlock the Value of Digital Assets - Clients obtain an instant loan in fiat currency (EUR, USD, etc.) or cryptocurrency by placing their digital assets in an Nexo Account.
- Quick Access to Cash - Access cash conveniently anywhere around the world via bank transfer, cryptocurrency or the Nexo credit card and seize investment opportunities or meet liquidity needs immediately.
- Retain Ownership - Clients retain 100% ownership of their digital assets. Without the need to sell them, the borrowers now keep the full benefit from the assets' value appreciation.
- Cost & Tax Efficient - Crypto оverdrafts are an affordable, flexible and efficient solution that also does not incur any tax liabilities or exchange and hidden fees.
- No Credit Checks - Nexo offers an instant crypto loan, which eliminates the need for cumbersome credit checks that might lead to credit score deterioration.
- Transparent Blockchain Contracts - Ownership of digital assets is secured and guaranteed by transparent blockchain loan Repo for Digital Assets contracts.
Features & Highlights
- Live Automated Platform - Nexo has a fully operational instant lending platform with seamless user experience and military-grade security with 256-bit encryption.
- Insured Custodian - Nexo partners with to secure all crypto assets. BitGo is insured by Lloyd's, backed by Goldman Sachs and is CCSS Level 3 and SOC 2 compliant.
- Regulatory Compliance - Nexo is using to adhere to the strictest KYC and AML global compliance standards. Onfido is also trusted by Coinbase, Revolut, HSBC, Nationwide, TransferWise and Bittrex.
-
Q1 2007
Credissimo Founded: four entrepreneurs set out to disrupt the inefficient lending market by providing convenient online consumer loan products. This was possible through adoption of the latest technologies.
-
Q1 2010
Credissimo developed in-house an innovative technology that introduced automated, near-instant credit approval seven days a week.
-
Q1 2013
The development of a user-friendly mobile website and iPhone/Android apps allowed the company to process over 1,000,000 online loan applications.
Driven by a vision to provide convenient solutions for its customers, Credissimo diversified its products and introduced e-commerce financing and direct utility bill payments – 300+ merchants onboarded.
-
Q1 2014
Initial Public Offering (IPO) on May 7, 2014, Credissimo successfully listed 2.5 million shares on the public markets.
-
Q1 2015
Adopting Machine Learning and Big Data technology further enhanced Credissimo's loan scoring algorithms.
-
Q1 2016
Credissimo pioneered a Bitcoin loan repayment option. The company was also the first consumer lender in the world to launch an automated lending Chatbot (for which it received "Innovation of the Year" Award).
-
Q1 2017
Credissimo reached the Top 10 Alternative Finance in European FinTech Awards 2017 and received two Forbes Business Awards 2017 for “Financial Sector Innovations” and “Quality of Services”.
Nexo: by continuing to work at the technological frontier, Credissimo is powering the world's first instant crypto-backed loans.
-
Q1 2018
1st Airdrop campaign.
Finalize Token Pre-Sale.
-
Q2 2018
Listing NEXO Token On Exchanges. Launch Instant Crypto Overdrafts in USD.
Secured by BTC and ETH.
Finalize Main Token Sale.
Listing NEXO Token On Exchanges.
Start M&A Process of Acquiring a FDIC-insured Banking Institution.
EUR Currency support.
Launch Nexo Credit Card.
-
Q3 2018
Additional Altcoins / Tokenized assets Support .
JPY Support.
KYC/AML Automation.
Launch Nexo Mobile Wallet.
Launch Affiliate Program & Tell a Friend Program.
-
Q4 2018
Increase Maximum Overdraft Limits.
Second Nexo Airdrop campaign.
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