Fintech SaaS startup Nimbbl raised $3.5 million in Pre-Series A led by Groww, Sequoia Capital India and Global Founders Capital

Share via:

Fintech SaaS startup Nimbbl raised $3.5 million in Pre-Series A led by Groww, Sequoia Capital India and Global Founders Capital where other investors including Palo Alto-based Amara VC, CRED founder Kunal Shah, Pine Labs CEO Amrish Rau, Jupiter founder Jitendra Gupta, Nium founder Prajit Nanu and former senior executive of Mswipe Srinivas Rao also participated.

Nimbbl intends to use the funds to improve its product offerings and go-to-market capabilities. The Mumbai-based fintech startup primarily provides digital payment solutions such as BNPL services, one-click checkout payments, and payment gateway consolidation to online merchants. Before starting Nimbbl, the founders worked at Citrus Pay and PayU.

The company also creates no-code payment links and custom payment pages, as well as plug-in solutions for online merchants who use ecommerce platforms like Shopify, WooCommerce, OpenCart, and Magento.

“With our technology, merchants can personalise the checkout experience for their customers, resulting in 40% more payment initiations.” This equates to a 6-8% increase in revenue. “With the new raise, we hope to increase this number because it allows us to delve deeper into problems we’ve already identified,” said Nimbbl cofounder Anurag Pandey.

The startup’s goal is to help online businesses run more efficiently by increasing customer conversions, growing revenue, and lowering expenses.

The startup claims to have served over 4,000 merchants with its services. Its offices are currently located in Mumbai, New Delhi, and Bengaluru. It competes with companies such as Mintoak, Lentra, and FinBox in the fintech SaaS space.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

Popular

More Like this

Fintech SaaS startup Nimbbl raised $3.5 million in Pre-Series A led by Groww, Sequoia Capital India and Global Founders Capital

Fintech SaaS startup Nimbbl raised $3.5 million in Pre-Series A led by Groww, Sequoia Capital India and Global Founders Capital where other investors including Palo Alto-based Amara VC, CRED founder Kunal Shah, Pine Labs CEO Amrish Rau, Jupiter founder Jitendra Gupta, Nium founder Prajit Nanu and former senior executive of Mswipe Srinivas Rao also participated.

Nimbbl intends to use the funds to improve its product offerings and go-to-market capabilities. The Mumbai-based fintech startup primarily provides digital payment solutions such as BNPL services, one-click checkout payments, and payment gateway consolidation to online merchants. Before starting Nimbbl, the founders worked at Citrus Pay and PayU.

The company also creates no-code payment links and custom payment pages, as well as plug-in solutions for online merchants who use ecommerce platforms like Shopify, WooCommerce, OpenCart, and Magento.

“With our technology, merchants can personalise the checkout experience for their customers, resulting in 40% more payment initiations.” This equates to a 6-8% increase in revenue. “With the new raise, we hope to increase this number because it allows us to delve deeper into problems we’ve already identified,” said Nimbbl cofounder Anurag Pandey.

The startup’s goal is to help online businesses run more efficiently by increasing customer conversions, growing revenue, and lowering expenses.

The startup claims to have served over 4,000 merchants with its services. Its offices are currently located in Mumbai, New Delhi, and Bengaluru. It competes with companies such as Mintoak, Lentra, and FinBox in the fintech SaaS space.

Disclaimer

At StartupNews.fyi we strive to uphold the highest ethical standards in all of our reporting and coverage. We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

More like this

BYJU’S faces second valuation cut as BlackRock slashes value...

Edtech platform BYJU'S has experienced yet another valuation cut,...

Ola Electric hits 600 experience centres milestone, aims for...

Ola Electric, the electric mobility unicorn led by Bhavish...

KisanKonnect raised undisclosed amount of funding from renowned actor...

Farm-to-fork startup KisanKonnect raised undisclosed amount of funding from...

Popular

Upcoming Events

Startup Bootcamp - Entrepreneurship Alchemy | May 18 - July 6

Transforming Ideas into Gold: Learn The Entrepreneurship Alchemy"

GITEX AFRICA Digital Summit | 31 May - 01 June 2023

The Summit will accentuate the vast potential of the globe’s youngest continent and shape...

Startup Wheel 2023

From Start-up to Scale-up in Vietnam with Startup Wheel 2023! Startup Wheel offers a 6-month...

Crypto Expo Asia 2023 | June 7-8

Meet professionals and gain knowledge to keep yourself ahead in Crypto Space.

Startup Information that matters. Get in your inbox Daily!

325th Startup Meetup @ Delhi 3rd June - Reserve Your Seat Now