Total amount raised
$2.5 Millions
Latest funding date
Location
Nimble has successfully raised funds through multiple rounds, including a notable Debt Financing round in 2016. The company has attracted investments from key players such as Partners for Growth and Christian Faes.
Keep reading to explore the intricacies of Nimble's fundraising journey and the investors backing this innovative platform.
What Is Nimble?
Nimble, founded on November 1, 2005, by Greg Ellis and Sean Teahan, is a fintech company based in Southport, Queensland, Australia. The company specializes in providing quick cash loans online, offering personal loans with an easy and fast application process.
With a workforce of 51-100 employees, Nimble has approved over 1.7 million loans since its inception. They offer various types of loans, including small loans, personal loans, and a revolving line of credit called AnyTime.
Nimble's advanced profiling technology allows for instant decisions on loan applications, ensuring that customers can receive funds quickly, often within 60 minutes of approval.
How Much Funding Has Nimble Raised?
- Venture Round
- Amount Raised: $1.5M
- Date: March 2018
- Lead Investors: Okapi Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and operations.
- Debt Financing
- Amount Raised: $1M
- Date: November 2018
- Lead Investors: Silicon Valley Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund ongoing loans and develop mobile apps for customers.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's expansion and technological advancements.
Total Amount Raised: $2.5M
Current Valuation: Not publicly disclosed
Key Investors
- Partners for Growth
- Details: Partners for Growth is a venture capital firm that provides financing solutions to growth-stage companies. They are known for their flexible and tailored financial products.
- Investment Focus Areas: Growth-stage companies across various sectors.
- Notable Investments: Not specified on the page.
- Christian Faes
- Details: Christian Faes is an individual investor known for his involvement in fintech and proptech sectors. He has a background in law and finance, and is a co-founder of LendInvest.
- Investment Focus Areas: Fintech, proptech.
- Notable Investments: Not specified on the page.
- Silicon Valley Bank
- Details: Silicon Valley Bank is a high-tech commercial bank that provides various financial services to startups and growth companies. They are a key player in the tech and innovation sectors.
- Investment Focus Areas: Startups, growth companies, tech sector.
- Notable Investments: Not specified on the page.
- Okapi Venture Capital
- Details: Okapi Venture Capital is a venture capital firm that invests in early-stage technology companies. They focus on providing seed and early-stage funding.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Not specified on the page.
- Acorn Capital
- Details: Acorn Capital is an institutional investor that participated in Nimble's $10 million funding round. They focus on investing in disruptive financial services and technology companies.
- Investment Focus Areas: Disruptive financial services, technology companies.
- Notable Investments: Not specified on the page.
What's Next for Nimble?
With the recent $10 million funding round, Nimble is poised to expand its loan offerings and develop mobile applications, tapping into the $800 million short-term lending sector. This growth is supported by increasing market share through strategic marketing campaigns and leveraging advanced technology for quick loan approvals.
Future fundraising opportunities seem promising, given the involvement of institutional investors like Acorn Capital. These funds could further fuel Nimble's expansion and technological advancements. However, the company may face challenges such as high loan charges, competition from traditional and peer-to-peer lenders, and potential regulatory changes.
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