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Find out moreFounded by Ania Kubow after experiencing first-hand the difficulties faced when running a young startup, Nimbla is a dedicated pay-as-you-go service protecting small business owners against customer bankruptcy, insolvency and the cost of debt collection. Alongside this, the mobile app lets users compare with peers, prospect current and potential clients, and inspect key data.
Nimbla garnered £120k in seed funding from serial venture capitalists, Techstars, after taking part in the 2018 Barclay's Accelerator.
In 2019, Nimbla announced it would be partnering with Trade Ledger, an open banking platform for business credit automation, to streamline trade finance and insurance operations for banks and lenders. To begin with, the partnership will focus on the UK, European and Australian markets.
Later in the year, Nimbla announced a commercial partnership with business insurer QBE. The partnership confirms Nimbla as a delegated underwriting authority of QBE, and also enables the startup to expand into new geographies via QBE. A partnership with digital challenger bank Starling was announced in October 2019, enabling SME banking customers to insure invoices against default directly within their banking app.
In January 2020, Nimbla announced it had formed a new fintech partnership with Barclays, enabling the high street bank's SME customers to take out insurance against individual invoices, rather than the whole book.
Following the launch of their Barclays partnership in January, SME invoice insurer Nimbla announced the appointment of its new CCO, Elizabeth Jenkin.
In March 2021 Nimbla raised investment from specialist P&C reinsurer Greenlight Re.
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