Nimbbl, a fintech startup that enables one-click payment checkouts, has raised $3.5 million across its seed and pre-series A rounds from a group of investors that includes Groww, Sequoia Capital India, and Global Founders Capital (GFC).
The Mumbai-based company will use the funds to enhance its offerings and expand its product and go-to-market capabilities.
Nimbbl was founded in October 2020 by former Citrus Pay and PayU executives, Anurag Pandey and Amit Bansal.
The company provides merchants with a one-click checkout solution on new-age payment methods, such as Unified Payment Interface (UPI) and Buy Now Pay Later (BNPL), which not only enhances the customer experience but also helps businesses get higher conversions and revenues while reducing costs.
The startup claims to have a merchant base of over 4,000 using its solution, offering its customers various payment methods like UPI and BNPL. The platform enables businesses across various segments, including D2C, airlines, and utilities, to run their payment operations from one dashboard.
The funding round was also backed by Palo Alto-based angel collective Amara VC, as well as executives such as Kunal Shah, the founder of CRED, Amrish Rau, the CEO of Pine Labs, Jitendra Gupta, the founder of Jupiter, Prajit Nanu, the founder of Nium, and Srinivas Rao, a former senior executive at Mswipe.
Nimbbl’s one-click checkout solution has become increasingly popular among merchants, particularly those catering to the tech-savvy younger generation who prefer to pay through digital wallets and UPI. By providing a seamless payment experience, Nimbbl is helping merchants improve their customer engagement and sales, while also reducing their payment processing costs.
With teams in Mumbai, New Delhi, and Bengaluru, Nimbbl is poised to expand its reach and strengthen its position as a leading player in India’s fintech sector. The company is committed to innovating and providing solutions that help businesses adapt to the changing digital landscape and improve their bottom line.