Mimo, a London, UK- and and Stockholm, Sweden-based platform providing global payments, cash flow, and financial management for SMBs and accountants, raised £15.5M in funding.
The round was led by Northzone with participation from Cocoa Ventures, Seedcamp, Upfin VC, with an asset backed facility arranged by Fost and participation from various angel investors including founders and early operators from the likes of Stripe, GoCardless, Wayflyer, and Anyfin.
The company intends to use the funds 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 is a platform simplifying global payments, cash flow, and financial management for SMBs and finance professionals. Its financial management tools enable businesses and accountants to manage money coming in and going out, and processing payments.
The tools allow for trading SMBs and finance professionals to pay suppliers, access working capital, and get paid by customers, in any currency.
Mimo already works with 50+ SMBs and finance professionals and processes several million GBP every month via its early access offering. The company employs 14 employees, of five nationalities, across these two locations.
FinSMEs
11/04/2024