Nimbbl raises $3.5 million

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

The fintech startup’s other backers include Palo Alto-based angel collective Amara VC and tech entrepreneurs including Cred’s founder Kunal Shah, Pine Labs CEO Amrish Rau, Jupiter founder Jitendra Gupta, among others.

Founded in October 2020 by former Citrus Pay & PayU executives Anurag Pandey and Amit Bansal, Nimbbl helps businesses increase customer conversions and revenues while reducing costs with the one-click checkout solution that can be offered on Unified Payment Interface (UPI) and Buy Now Pay Later (BNPL).

With teams in Mumbai, New Delhi and Bengaluru, Nimbbl plans to utilise the latest fundraise to strengthen its product and improve go-to-market capabilities.