Nimbla raises $6.9 million

London-based Nimbla , a digital managing general underwriter focusing on the small and medium-sized enterprise (SME) credit insurance market, has raised $6.9 million in a funding round led by Silicon Valley venture fund Fin VC, with participation from Barclays Bank.

Nimbla was established in 2016 to make sure SMEs get paid. It offers several services such as credit reports, cashflow forecasting, and invoice insurance. The startup’s invoice insurance is an on demand ‘pay as you trade’ trade credit coverage that offers policyholders the flexibility of deciding whether they wish to cover a single invoice or their whole book. Nimbla policies are underwritten by QBE Insurance .