Square Peg

Nimble Way Secures $47M for Real-Time AI Data Access

Nimble, a New York startup that uses AI agents to search the web in real time, validate results and structure them into queryable tables, raised $47 million in a Series B round led by Norwest. The company integrates its platform with enterprise data warehouses and lakes including Databricks and Snowflake and has partnerships with AWS and Microsoft; Databricks also participated in the round. Nimble says it serves more than 100 customers — mostly large enterprises, Fortune 500 and some Fortune 10 firms — and will use proceeds to expand R&D in multi-agent web search and a governed data layer. The startup has now raised a total of $75 million.

Stripe and PayPal Back Xflow's Cross-Border Payment Revolution

Xflow, a Bengaluru-based fintech founded in 2021, raised $16.6 million in a Series A round led by General Catalyst with participation from existing investors Square Peg, Stripe, Lightspeed and Moore Capital, and a new investment from PayPal Ventures. The all-equity round values Xflow at $85 million post-money and brings total funding to over $32 million. Xflow provides cross-border B2B payment infrastructure and APIs for exporters, SaaS firms, platforms and freelancers, enabling collections, foreign exchange and settlements in India. The company says it processed nearly $1 billion in annualized cross-border volume last year and serves about 15,000 businesses. Xflow has an RBI PA-CB license for exports and imports, a payments license in Canada, plans import capabilities and is pursuing licenses in Singapore. It offers an AI-based FX tool and has about 65 employees.