Fintech start-up Nimbbl raises $3.5 mn to improve market presence

Fintech start-up Nimbbl said on Tuesday it has raised $3.5 million in funding from Groww, a financial services platform, Sequoia Capital India and Global Founders Capital (GFC).

Nimbbl’s other investors include Amara VC, a American angel collective, Cred founder Kunal Shah, Pine Labs chief executive officer Amrish Rau, Jupiter founder Jitendra Gupta, Nium founder Prajit Nanu and former senior Mswipe executive Srinivas Rao.

The Mumbai firm was founded in October 2020 by former Citrus Pay and PayU executives Anurag Pandey and Amit Bansal. It helps businesses in increasing customers and revenues while reducing costs.