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.
Vasile Foca, co-founder and managing partner at Talis Capital outlines why the Chancellor's measures are not enough to tackle the skills deficit and social security issues
Ambition, a pre-accelerator programme run by LEO Donegal and NDRC launches to help early-stage female founders from Donegal take business ideas from concept to pitch
ATI Boeing Accelerator, the 3 month programme supporting and backing startups in the UK aerospace industry announces Rolls-Royce as partner for its second cohort
.jpg)
Amy Robinson, Senior Brand Development Manager at Esendex shares her tips on why customer feedback is vital for businesses in this economy
Pingza is an innovative new app that “uncorks the complex world of wine for amateur and expert alike”...
.jpeg)
Jayne Harrison, Head of Employment Law at Richard Nelson LLP shares some thoughts on striking the balance between working from home or returning to the office
Female founder or woman in business, looking to start, grow or scale a business in NI? Here are a few of the resources, organisations and networks that should help
Artificial Intelligence is a powerful tool for business owners and marketing - here is the lowdown on what AI is, how to use it and its future in business
Some tips and advice on what companies should do and how they can differentiate their service for verified and unverified customers
Mountain Technologies, the innovative Northern Ireland-based startup secures investment to launch and market its connected ski pass system
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.
- VC Firm Talis Capital critique Rishi Sunak's Job Support Scheme 25th Sep 2020 Vasile Foca, co-founder and managing partner at Talis Capital outlines why the Chancellor's measures are not enough to tackle the skills deficit and social security issues
- Ambition, a new pre-accelerator programme for female entrepreneurs in Donegal launches 25th Sep 2020 Ambition, a pre-accelerator programme run by LEO Donegal and NDRC launches to help early-stage female founders from Donegal take business ideas from concept to pitch
- Rolls-Royce joins the ATI Boeing Accelerator as Partner 24th Sep 2020 ATI Boeing Accelerator, the 3 month programme supporting and backing startups in the UK aerospace industry announces Rolls-Royce as partner for its second cohort
- Logistics and Warehousing Focused Startups Wanted for Wincanton Innovation Lab 16th Sep 2020 Got a startup that can offer innovative solutions for the logistics sector? The third edition of Wincanton's innovation programme W² Labs is now open for entries
