The SMB Monetary Administration Mimo platform picks up $ eight.5 million in personal capital
The processing of a whole lot of thousands and thousands of kilos in funds for SMEs and Finance Professionals, the suite of MIMO monetary administration instruments, together with solely the flexibility to automate accounting, permits companies and accountants to simply handle the cash that comes and are available out.
London, the UK. Wednesday, March 12, 2025. 10:00 GMT. Mimo, the platform that simplifies international funds, money move and monetary administration for SMEs and accountants, has collected $ eight.5 million, led by mission A.
Earlier Northzone and Seedcamp buyers return to participation on this spherical. Mimo has additionally organized a FRADA integrated funding partnership, a foremost SMB financing supplier, which permits MIMO to offer $ 125 million in Versatile Working Work Options within the coming years, with Pan-European scalability potential. Mimo will implement the brand new financing of fairness to proceed to construct its B2B cost answer and lengthen its quantity.
The usage of the Mimo platform has elevated 10x within the final yr, serving a whole lot of SMEs and monetary professionals and continuing a whole lot of thousands and thousands in cost quantity. The corporate was based in 2023 by Henrik Grim (CEO), former basic supervisor of Europe in Capchase and funding supervisor at Northzone, Alexander Gernandt Segerby (CPO), and Andreas MeisingSeth (CTO), all of Iziztle. Mimo has places of work in London and Stockholm.
A single platform to know and management money move
Mimo, quick for “cash in cash”, presents a set of monetary devices that assist SMEs and accountants and accountants to save lots of time and enhance money move management. By automating the processing of invoices, funds and accounting data and by together with working flows in easy collaboration, customers take pleasure in a much less monetary monetary administrator, whereas a credit score line integrated in Mimo Flex gives higher management over money move. As an alternative of counting on a community of disjoint purposes, together with home banks, SAAS instruments and FX brokers to handle funds, Mimo combines them in a single device for enterprise and monetary professionals to handle all issues and money flows.
For the reason that public launch in April 2024, MIMO has expanded the product suite, permitting the companies and extra accounting firms to automate and take management of payable accounts, whereas launching, to pay, a debt answer that ensures that the businesses are paid quicker with the cost, for purchasers.
Mimo additionally launches a fetch, an instrument for automating the bill and the file automation, which is at the moment launched among the many current prospects. Not like OCR options from workplace, acquiring new progress in AI know-how to automate doc assortment and data, eliminating constant ache for each firms, accountants and accountants in eliminating the lacking documentation to take care of the up to date books.
Presently, MIMO is utilized by rising companies, such because the Protreal Proteic Breakfast model, for luxurious women and men’s clothes, Wales Bonner, and canned bean bean Daring beans, in addition to high accounting firms that assist the SMB economic system, resembling PM+M, TC Group and Inexperienced & Purple.
Henrik Grim, co-founder and CEO of Mimo, feedback: “In Mimo, I frequently realized from these conversations to iterate and enhance the platform to assist accountants and SMEs to save lots of time, get monetary savings and management money move. We’re trying ahead to collaborating with new mission buyers and returning Northzone and Seedcamp buyers whereas striving to this purpose.“
Additionally, the becoming a member of of the Board of Administrators of Mimo, Malin Posern, accomplice on the A, feedback: “Mimo has been near launching their stealth final yr. Since then, the group has continued to push the power from power to resolve an issue that might simplify the skilled lifetime of thousands and thousands. We look ahead to working with Henrik, Alexander and Andreas and the group to proceed the exponential enterprise trajectory. ”
Jessica Schultz, a accomplice at Northzone, feedback: “Lower than a yr after the primary funding in Mimo, we look ahead to deepening our partnership with this final financing spherical. Being extremely impressed by the progress and tempo of execution in latest months, we’re delighted to double and proceed to assist the MIMO group. “
About mimo
Mimo is a platform that simplifies international funds, money move and monetary administration for SMEs, accountants and accountants. Based in 2023 by Henrik Grim (CEO), Alexander Gernandt Segerby (CPO) and Andreas MeisingSeth (CTO). Mimo has places of work in London and Stockholm and hires 20 staff in his London and Stockholm places of work.
Concerning the mission A.
Undertaking A is likely one of the most necessary buyers in early know-how in Europe with places of work in Berlin and London. Along with the belongings of $ 1 billion below the administration, Undertaking to order the biggest VC platform group in Europe: 100 practical consultants assist completely portfolio firms in key progress fields, resembling software program engineering, enterprise info, knowledge engineering, recruitment, gross sales and advertising and marketing. The chance capital firm was based in 2012 and has supported over 120 startups. The portfolio contains firms resembling Commerce Republic, black semiconductor, quantum methods and Senser.
About Northzone
Northzone is a worldwide fund capital fund, constructed on expertise, which incorporates a number of financial and disturbing technological cycles. Based in 1996, Northzone has up to now raised greater than ten funds, with the newest fundraising exceeding $ 1.2 billion and has invested in additional than 175 firms, together with firms that outline the class, resembling Trustpilot, Spotify, Klarna, Izettle, Kahoot! Northzone is a full secure investor from seeds to the transatlantic progress stage in London, New York, Amsterdam, Berlin, Stockholm and Oslo.
About Froda
Based in 2015, Froda got down to redefine enterprise financing, making it accessible, environment friendly and empowered for small and medium-sized enterprises. Right now, Froda is likely one of the quickest Fintech progress in Europe. With a strategic emphasis on integrated financing, Froda has expanded the Nordics, the UK, Eire and Germany, partnership with business leaders, checkout.com, month-to-month. Froda is a credit score market firm licensed below the supervision of the Swedish Monetary Supervisory Authority. For extra info, go to Froda.
