Rimilia, a London, UK-based SaaS fintech company, raised $15m in growth funding.
Backers included Eight Roads Ventures, Kennet Partners, and Silicon Valley Bank. The round brought the total amount raised by Rimilia to $40m.
The company intends to use the funds for continued product innovation, invest in new talent, and accelerate global expansion.
Led by Kevin Kimber, CEO, Rimilia provides an AI-powered automation platform built to manage order-to-cash process in real time. Its Financial Relationship Management (FRM) platform allows finance leaders across the globe to make sales and credit decisions so they can increase revenue, improve customer satisfaction, and reduce risk. Rimilia’s SaaS solutions work with any currency, any bank, any ERP, in any country and language. Today, the company counts companies such as Avis, Hitachi, Santander and Travis Perkins as clients, having completed over 12 million transactions and automated the collection and allocation of $150 billion in 2019 alone. Rimilia has offices located in Bromsgrove and London in the UK, Denver, Colorado in the U.S., and Toronto in Canada.