Nimbla

Nimbla operates as a digital insurance platform, established to shield small and medium-sized enterprises (SMEs) from the financial impact of customers who become insolvent or pay late. The company was founded in 2016 by Flemming Bengtsen and Tanguy Hespel and is headquartered in London, United Kingdom. Bengtsen, the CEO, has a background in founding and leading fintech and insurtech startups, with expertise in developing AI-driven credit decisioning. His experience includes a role as Chief Revenue Officer at Satago and participation in the Techstars Barclays Accelerator, which helped position Nimbla to engage with large corporate partners.

The firm's core business revolves around providing trade credit insurance with a flexible model, a departure from the traditional industry approach. Instead of requiring businesses to insure all their invoices, Nimbla allows them to select individual invoices for coverage, making the service more accessible and affordable for SMEs. This is delivered through a digital platform that automates credit risk analysis and provides insurance quotes in seconds. Revenue is generated through these insurance policies, and the business model includes both direct sales to businesses and embedded solutions offered through partners.

Nimbla's platform offers features like predictive cash flow analysis, real-time business insights, and tools to manage credit exposure. A key distribution strategy involves partnerships with financial institutions and fintech platforms. For example, a partnership with Barclays allows the bank's business customers to access Nimbla's single-invoice insurance directly through their banking app. The company has also developed an API to enable banks, fintech lenders, and B2B platforms to embed its credit risk solutions seamlessly. Since its inception, the company has raised significant funding, including a £5.1 million round in November 2021 led by Fin Capital with participation from Barclays, to scale its operations.

Keywords: invoice insurance, trade credit insurance, SME finance, insurtech, fintech, credit risk management, single invoice cover, late payment protection, insolvency protection, B2B insurance, digital insurance platform, Flemming Bengtsen, embedded finance, risk analysis, accounts receivable, debt protection, business credit, London startup, Barclays partner, Fin Capital