Mimo, a London, UK-based provider of a platform empowering global payments, cash flow, and financial management for SMBs and accountants, $8.5M in funding.
The round was led by Project A. Other investors included Northzone and Seedcamp. Malin Posern, Partner at Project A, joined Mimo’s board.
The company intends to use the funds to continue to build out its B2B payments solution for SMBs and expand its headcount.
Founded in 2023 by Henrik Grim (CEO), Alexander Gernandt Segerby (CPO), and Andreas Meisingseth (CTO), Mimo provides a suite of financial tools that helps SMBs and their accountants & bookkeepers save time and improve control of cash flow. By automating invoice processing, payments and bookkeeping, and by including collaboration workflows, users enjoy less financial admin, while an embedded credit line in Mimo Flex gives SMBs better control of cash flow.
The company, which also has offices in Stockholm, has also arranged an embedded funding partnership with Froda, a SMB financing provider, to provide UK SMBs with $125m+ in flexible working capital solutions over the coming years, with potential for pan-European scalability.
FinSMEs
12/03/20224