Groww, Sequoia Capital India, and Global Founders Capital have invested over $3.5 million in Nimbbl, a firm offering payment checkout solutions with its headquarters in Mumbai (GFC). Together with other angel investors including Kunal Shah (CRED), Jitendra Gupta (Jupiter), Prajit Nanu (Nium), Amrish Rau (Pine Labs), and former top Mswipe executive Srinivas Rao, the fundraising round also included the Palo Alto-based angel collective Amara VC.

Founded by former Citrus Pay and PayU executives Amit Bansal and Anurag Pandey in 2020, Nimbbl is a BNPL-powered 1-click checkout solution to improve conversion for online commerce merchants.

It provides a one-click checkout solution on multiple payment methods, including UPI apps, Buy Now Pay Later (BNPL), net banking, wallets, and EMI to merchants. For BNPL, the Mumbai-based startup tied up with Lazypay, Pay with CRED, Ola Postpaid, and Pay Later by ICICI. Besides integrating with multiple gateways like PayU, Razorpay and Cashfree, merchants are offered a dashboard to manage their payment operations, including refunds, settlements, and more.

Anurag claims that the start-up intends to work with 20,000 merchants and handle more than Rs 10,000 crore in transactions in FY24. The company asserts that it is the only one now providing merchants with a multiple payment service provider (PSP) architecture.

Nimbbl asserts that since the debut of its product in September 2021, it has signed up over 4,000 online retailers in industries like direct-to-consumer (D2C), airlines, and utilities and processed payments totaling more over Rs 2,000 crore in FY22.