Nimbla offers invoice insurance at the point of issue, delivering real-time quotes through a proprietary digital automated credit-risk platform. The product enables businesses to insure single invoices against non-payment from as little as 0.2% of an invoice’s value and to check a buyer’s ability to pay. Nimbla has launched an API for banks, fintech lenders and B2B platforms to embed its credit-risk and insurance service. The platform is backed by expert risk analysts and has seen strong demand, particularly during the pandemic when volumes tripled. Since inception the company has processed over 67 million invoices worth £2.5 billion. Nimbla plans to expand its platform and grow the team to scale operations and meet increased demand for embedded credit-risk solutions. Nimbla (TradeCrediTech Ltd.) is a technology-centric, highly automated managing general underwriter focused on the SME credit insurance market. Its digital platform integrates via APIs with SME financing platforms to provide immediate quote-and-bind coverage at the single-invoice level and to analyze credit risk in real time for dynamic pricing. Nimbla says its process can quote and bind in less than two minutes and aims to plug into existing workflows to serve underserved SMEs. The company recently added the ability to insure credit risk in mainland Europe and launched a new API that enables funders to make in-the-moment credit-wrapped decisions. Through these capabilities Nimbla seeks to act as a market maker by widening geographical reach and building complementary products. Nimbla is based in London and positions itself to modernize traditional trade credit underwriting with automation and faster pricing.

Total raised

$7M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2021