Data Scientist
About the job
- At least 5 years of data science experience.
- Deep understanding of classification models, forecasting models, and machine-learning techniques.
- Deep understanding of causal inference, experiment design, and measurement.
- Deep understanding of optimization, including familiarity with formulating and solving constrained optimization problems.
- Advanced proficiency in SQL and Python.
- Strong technical background and clear reasoning.
- Ability to communicate effectively and drive impact based on analyses.
- Optimize the overall performance of Nelo's credit and marketplace products.
- Develop machine-learning and causal models to support underwriting and portfolio-management decisions.
- Create credit, personalization, ranking, and pricing algorithms.
- Design and analyze continuous experiments to provide insights and guide product and algorithm decisions.
- Lead machine-learning infrastructure projects, including machine-learning operations and observability.
- Collaborate cross-functionally.
About the company
Nelo is a Mexico City-based consumer fintech that offers buy-now-pay-later services. It lets shoppers split purchases into up to eight biweekly payments over 120 days and can be used at online and offline retailers, with options to pay utilities, withdraw cash, and use Mastercard virtual and physical cards. The product works by digitally underwriting Mexican consumers for installment credit and financing purchases at partner merchants such as Amazon, Mercado Libre, Walmart, and Zara; repayments are made over a set schedule via the app. Nelo differentiates itself through a focus on the Mexican market with digital underwriting, a broad use-case set (incl. utilities payments and cash withdrawals), and a scalable credit facility to support its consumer credit book. Its goal is to grow flexible installment credit for Mexican shoppers while expanding its merchant network and maintaining profitability, aiming for continued growth in purchase volume and revenue.
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$223M
Headquarters
Mexico City, Mexico
Founded
2019
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Simplify's Take
What believers are saying
- Nelo renewed a $100 million facility in September 2026, expanding lending capacity.
- It reported $115 million annualized revenue, one million active customers, and three profitable years.
- Nelo’s Google Wallet, physical card, and merchant credit products deepen usage beyond e-commerce.
What critics are saying
- Victory Park Capital still finances Nelo’s credit book, creating refinancing pressure in 2027.
- Mexico still lacks BNPL-specific regulation, leaving Nelo exposed to consumer-protection enforcement.
- Mercado Pago, Kueski, and Aplazo can compress margins faster than Nelo scales.
What makes Nelo Mobile unique
- Nelo pairs BNPL with Tienda Nelo, Checkout, and Nelo Capital, broadening monetization.
- Its 2026 AI-commerce push targets consumers and merchants, not just installment lending.
- One-third of Tienda Nelo buyers make their first online purchase there.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
401(k) Retirement Plan
Extended maternity and paternity leave
Relocation Support
Remote Work Options
Hybrid Work Options
Sabbatical Leave
Stock Options
Company Equity
401(k) Company Match
Unlimited Paid Time Off
Health Insurance
Growth & Insights and Company News
6 month growth
3%1 year growth
-3%2 year growth
-3%Nelo renews $100M credit facility with Victory Park Capital. Mexican buy now, pay later fintech Nelo renewed its $100M credit facility with Victory Park Capital. Founded in 2019 by former Uber employees Kyle Miller and Stephen Hebson, Nelo allows users to split purchases into up to eight biweekly payments over 120 days. Customers can also use the app to shop at retailers including Amazon, Mercado Libre, Walmart, and Zara, pay utility bills, withdraw cash, and access virtual and physical Mastercard cards. Nelo will use the debt to finance its consumer credit portfolio. Nelo reports $115M in annualized revenue, one million active customers, and three consecutive years of profitability. At the end of 2025, Nelo reported a $75M annual revenue run rate and $1B in purchase volume.
Mexican fintech Nelo has renewed a US$100 million credit facility with Victory Park Capital to fund customer loans. This is not fresh investment but a renewal of the same facility granted in 2022. The buy-now-pay-later company reports US$115 million in annualised revenue and its third consecutive year of profitability. Nelo's app allows users to split purchases into up to eight fortnightly payments over 120 days. It issues a single-use virtual Mastercard for each purchase and offers a physical card for long-standing customers. The platform integrates shopping at retailers like Amazon, Mercado Libre, and Walmart, plus utility payments and cash withdrawals. Founded in December 2019 by Kyle Miller and Stephen Hebson, former Uber executives, Nelo last raised venture capital in October 2021 with a US$20 million Series A. The company now serves one million active customers with 45 full-time employees.
Paymentology, a global card and payment processing leader, teamed up with Nelo, a Mexican buy now pay later platform.The partnership will encompass support for Nelo’s Mastercard for in-person payments via Google Wallet allowing customers to pay their balance immediately over time, along with the introduction of physical cards.To date, Nelo has raised over $25 million in venture capital and a $100 million credit line from Victory Park Capital.“We are very proud to be among the first to enable Google Pay in Mexico. Through our collaboration with Paymentology, we have the expertise and infrastructure to introduce a transparent and equitable credit solution,” said Kyle Miller, Nelo’s co-founder.While Alejandro Del Río, Paymentology’s Regional Director for Latam, added:“We are empowering Nelo to bridge the financial gap, and we are excited to continue supporting their mission to enhance the purchasing power of their customers.”Read more on Contxto
Paymentology, the leading global issuer-processor, today announces its partnership with Nelo, a consumer payments platform in Mexico, to support its Mastercard in-person payments via Billetera de Google in Mexico and the launch of physical cards.With over 6 million online purchases on its platform, Nelo is reimagining the way that credit products should be delivered. The Nelo card, along with the integrated Google Wallet feature, provides customers with the flexibility to either settle their entire balance or opt for financing specific purchases gradually, enabling widespread usage of the popular online purchasing solution. What sets Nelo’s product apart from a conventional revolving credit card is the inclusion of partial biweekly repayments, making it a distinctive offering in the market.Thanks to Paymentology, Nelo now has access to a fast and scalable infrastructure solution, enabling the smooth launch of its Tap to Pay solution through Google Wallet, along with its physical card. With Paymentology’s support, Nelo can offer more people access to credit swiftly and reliably, making Nelo’s services accessible and efficient.The news comes at a time when over 40% of the Mexican population remains financially excluded, meaning they do not have access to formal financial services such as banking, savings, credit, and insurance. However, technology partnerships like that of Nelo and Paymentology are critical in improving financial inclusion in the country by bringing financial services to the previously unbanked and enabling consumers to pay how and when they want.Kyle Miller, co-founder and CEO of Nelo commented: “We’re incredibly proud to be among the first to enable Google Pay in Mexico. Empowering consumers across LatAm is our mission, and in response to our customers’ high demand, we now provide the means to pay in person
Paymentology, the leading global issuer-processor, today announces its partnership with Nelo, a consumer payments platform in Mexico, to support its Mastercard in-person payments via Billetera de Google in Mexico and the launch of physical cards.