Fintech startup Nimbbl raises $3.5 Mn from Groww, Sequoia and others

One-click payment checkout enabler Nimbbl has raised  $3.5 million across its seed and pre-series A rounds from Groww, a financial services platform, Sequoia Capital India and Global Founders Capital (GFC). 

The fintech startup’s other backers include Palo Alto-based angel collective Amara VC and executives such as CRED’s founder Kunal Shah, Pine Labs CEO Amrish Rau, Jupiter founder Jitendra Gupta, Nium founder Prajit Nanu and former senior Mswipe executive Srinivas Rao. 

With teams across Mumbai, New Delhi and Bengaluru, Nimbbl plans to use the latest fundraise to strengthen its proposition of facilitating commerce through growing its product and go-to-market capabilities.

Founded in October 2020 by former Citrus Pay and PayU executives Anurag Pandey and Amit Bansal, Nimbbl provides a one-click checkout solution on new-age payment methods helping merchants get higher conversions and revenues while reducing costs.  

The Mumbai-based startup claims to have a merchant base of over 4,000 that use the Nimbbl’s solution offering their customers new-age payment methods like Unified Payment Interface (UPI) and Buy Now Pay Later (BNPL). 

It enables businesses across segments such as D2C, airlines, and utilities to run their payment operations from one dashboard.