By Mahenoor Khan - April 9, 2023
DATE OF ANNOUNCEMENT:
29 March 2023
COMPANY'S LEGAL NAME: BIGITAL TECHNOLOGIES PRIVATE LIMITED
FOUNDERS
Nimbbl Founders are Amit Bansal, Co-Founder Anurag Pandey, Co-Founder, Both of them are seasoned payments and fintech professionals and have worked in sales and product leadership roles respectively at India's top fintech companies.
FUNDING TILL DATE: $5.13 mn USD
TYPES OF FUNDING:Seed Round
VALUATION : Not disclosed
INVESTORS:
Nimbbl has 8 investors including Groww And Kunal Shah and it’s recent investors includes Sequoia Capital India, Global Founders Capital (GFC) and stock brokerage firm Groww.
COMPANY BUSINESS:
COMPANY'S VIEW:
Anurag Pandey Co-Founder at Nimbbl said “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 added . “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.”
Amit Bansal Co-Founder at Nimbbl said 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,”
PURPOSE OF FUNDING :
The latest funding will be used to scale up its platform and go deeper into its affordability and multi-currency payment offerings and further to hire across sales and technology functions,
COMPETITORS:
Its competitors include PayPal , GoCardless, Payoneer, Stripe Connect and Square Payments
Source:Economics times, crunchbase, Inc