Nimbla
Nimbla provides dynamic invoice insurance for small and medium-sized UK businesses, protecting them against the risk of unpaid invoices. This service mitigates cash flow disruptions by offering coverage for invoice defaults, ensuring financial stability for SMEs.
- Financial Technology
- Insurance Technology
Funding
Raised to date
$7.1MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Founder details are not available yet.
Product
Problem
Small and medium-sized businesses (SMEs) face significant financial risk due to unpaid invoices, which can lead to cash flow disruptions and threaten their financial stability. Traditional insurance options may not adequately address the specific needs of SMEs regarding invoice protection.
Solution
Nimbla offers dynamic invoice insurance designed to protect SMEs in the UK against the risk of unpaid invoices. This service provides coverage for invoice defaults, mitigating potential cash flow problems and ensuring greater financial security. By insuring individual invoices, Nimbla allows businesses to manage their risk exposure more effectively and maintain operational stability.
Target Audience
Small and medium-sized businesses in the UK are the primary target audience.
Features
- Dynamic invoice insurance tailored for SMEs
- Coverage against invoice defaults
- Mitigation of cash flow disruptions
- Protection of financial stability