Nimbbl, founded in 2020 by former Citrus Pay and PayU executives Amit Bansal and Anurag Pandey, offers a BNPL-powered 1-click checkout solution for online merchants. The product supports multiple payment methods including UPI apps, BNPL, net banking, wallets and EMI, and integrates with gateways such as PayU, Razorpay and Cashfree. Merchants are provided a dashboard to manage refunds, settlements and other payment operations; the company says its technology drives 40% higher payment initiations and a 6–8% increase in revenues. Since its product launch in September 2021 Nimbbl says it has onboarded over 4,000 merchants across D2C, airlines and utilities and processed payments worth over Rs 2,000 crore in FY22. The firm has partnered with BNPL providers Lazypay, Pay with CRED, Ola Postpaid and Pay Later by ICICI and claims to be the only provider offering a multiple-PSP infrastructure to merchants. With the new funding it plans to strengthen product and go-to-market capabilities and aims to reach 20,000 merchants and process over Rs 10,000 crore in transactions in FY24.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2023