[Funding alert] Nimbbl Secures $3.5 mn in funding from Sequoia, Groww, others

Provider of checkout solutions Nimbbl has secured $3.5 million from stock brokerage business Groww, Sequoia Capital India, and Global Founders Capital (GFC).

The latest round's earnings, according to Nimbbl, will be used to build up its platform and expand its accessibility and multi-currency payment options, as per reported by The Economic Times.

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“With the new raise, we will look to scale the total payment value (TPV) processed on the platform to Rs 8,000 - Rs 10,000 crore. The plan is also to do certain things around the affordability and multi-currency side of the business,” Pandey said. “With the current regulatory changes, merchants want to safeguard themselves and have multiple (payment) pipes available to them, rather than having partnerships with one entity.”

Anurag Pandey and Amit Bansal established Nimbbl in 2020 to help online businesses integrate with buy-now-pay-later (BNPL) providers including prominent payment aggregators Razorpay, PayU, Cashfree Payment.

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“With us, merchants of all sizes get an ecosystem to manage payments, offers, payment aggregators, and settlements through one dashboard. They instantly get the payment operations capabilities that typically only a few enterprise merchants could afford in the past,” Bansal said in a statement.

About Nimbbl

Amit Bansal and Anurag Pandey founded Nimbbl. Both of them are seasoned experts in payments and fintech who have held positions in sales and product leadership at some of India's leading fintech firms. With all the payment options and technologies integrated into a single integration, Nimbbl offers your clients a 1-Click checkout experience.

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