Startup of the Week - Nimbla
by Startacus Admin
Startup or SME? InsurTech startup Nimbla has been created just for you and is on a mission to provide smart cover for small business
As any business owner will vouch for, the issue of credit control is a major challenge. Chasing payments is not only time-consuming but it’s also often unsuccessful. Whilst this is an issue for all businesses, it is even more of an issue for small businesses since the impact of non payment is much greater. In fact it’s actually estimated that the UK’s SMEs have to write off almost £6 billion in bad debt annually - a huge sum by any standards!Having recognised this as a problem that needs to be addressed, our latest startup of the week have created a solution.
Nimbla is an InsurTech startup which is on a mission to provide “smart cover for small business” and thereby help ensure that they get paid.
The Nimbla platform enables users to check the risk of non-payment on any invoices and insure the ones which may cause some worry. The risk of a client’s potential non-payment is assessed in real time, thereby ensuring that the risk factor is entirely accurate and up to date. Whether the invoice is for £10 or £200k, it can be insured in a matter of minutes. What is also particularly good is that Nimbla integrates with most leading accounting packages so the entire invoice management process is seamless.
With their Single Invoice cover solution, Nimbla provide protection from customer bankruptcy and insolvency as well as regular debt collection. Their service is also much more affordable to a small business owner than traditional Trade Credit Insurance.
In essence, Nimbla is providing a service which makes small businesses so much less vulnerable to bad debt and that can only be a good thing. Wouldn’t you agree?
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
A short guide to hiring the best service providers for your organisation so that you don’t waste your time and money.
.jpeg)
These tips for startups And entrepreneurs could transform your video output and have a dramatic impact on your marketing results.
What is the long-term vision for our education system? In 2020, let’s focus on releasing EdTech from its shackles, says Ricky Doyle, co-founder of Practice Labs.
Zen Educate is an innovative digital staffing platform enabling supply teachers to be connected with schools more efficiently
Aisha secures seven-figure investment from the Foresight Group to help its marketing, development and international expansion plans
ShapeDo from the 2018/2019 RELab cohort has secured investment from Goldacre in its innovative construction project management software
The Cool To Be Kind Project started after Naomi Lambert's devastating journey with infertility culminated in a full hysterectomy at 32.
Harper James Solicitors highlight the often hidden mistakes and dangers that may impact on your startup's success.
Bryony Wylie, Advanced Clinical Practitioner, Prescriber and founder of FooDoo Snacks share's her predictions for employee health and well-being trends for 2020!
The third-party platform that enables you to anonymously tag, measure, and resolve incidents of bias and harassment in your organisation
Published on: 17th April 2019
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Investment announced in Aisha, the award-winning halal baby food manufacturer 13th Nov 2019 Aisha secures seven-figure investment from the Foresight Group to help its marketing, development and international expansion plans
- Construction tech startup ShapeDo secures investment from VC firm Goldacre 13th Nov 2019 ShapeDo from the 2018/2019 RELab cohort has secured investment from Goldacre in its innovative construction project management software
- Culture Amp launch Diversity and Inclusion Starter Kit to bring best practices to UK businesses 8th Nov 2019 The latest ways in which leading people and culture platform Culture Amp aim to help organisations manage their diversity and inclusion practices and policies
- Manchester fintech GoodBox hits £2m donated to UK charities 21st Oct 2019 Manchester fintech GoodBox, which helps charities embrace the rise of fintech through digital and contactless payments, have raised over £2m for UK charities.
