Canadian Fintech Startup Nyble Hits $1 Million Annualized Revenue Ahead of Seed Round
Summary
As customers make repayments, Nyble helps report their payment history to the credit bureau. Instead of charging interest, Nyble generates revenue from a flat monthly subscription of $7.99 and uses its aggregated payment data and insights to help customers access financial products from partners.Since launching in June of 2022, and receiving growth financing from Lighter Capital, Nyble has rapidly grown to serve tens of thousands of Canadians. The young startup is founded by and .Neither are new to the world of financial services: None Yi previously specialized in acquiring and growing financial companies at private equity firm, Novacap. None Xiao was on the Shopify Banking team where he helped develop Shopify Balance cards for over 1 million merchants.Theyve already hit impressive milestones in a short amount of time. We are excited to welcome Nyble to the Lighter Capital portfolio and we expect youll be hearing more big news from this fast growing fintech startup soon!