Nimbbl, a platform that enables one-click payments at checkout, has secured $3.5 million from investors including the financial services platform Groww, Sequoia Capital India, and Global Founders Capital (GFC).
Other investors in the FinTech business include the Palo Alto-based angel group Amara VC, as well as executives like Kunal Shah, the creator of CRED, Amrish Rau, the CEO of Pine Labs, Jitendra Gupta, the founder of Jupiter, Prajit Nanu, and Srinivas Rao, a former senior executive at Mswipe.
Nimbbl, which has teams in Mumbai, New Delhi, and Bengaluru, intends to leverage the most recent round of funding to enhance its case for easing commerce by expanding its product and go-to-market capabilities.
Nimbbl, a one-click checkout solution on cutting-edge payment methods, was founded in October 2020 by former Citrus Pay and PayU executives Anurag Pandey and Amit Bansal. It helps businesses increase conversions and sales while cutting expenses.
The Mumbai-based start-up claims to have a merchant base of over 4,000 who use Nimbbl’s service and provide their consumers with cutting-edge payment options including a Unified Payment Interface (UPI) and Buy Now, Pay Later (BNPL).
Businesses from many industries, including D2C, airlines, and utilities, are now able to manage their payment processes from a single dashboard.
