When we launched Mimo less than a year ago, we had a clear but ambitious goal: make payments and cash flow management effortless for SMBs, accountants and finance professionals.

Fast forward 10 months, and we’ve grown 10x, processing hundreds of millions of GBP for businesses across the UK. But we’re just getting started.

$8.5M to fuel the next stage of Mimo

Today, we’re excited to share that we’ve raised $8.5M, led by Project A, with continued support from Northzone and Seedcamp.

Alongside this, we’ve secured a $125M+ embedded funding partnership with Froda to help SMBs access flexible working capital. Because managing payments is one thing, but managing cash flow is what really matters.

Where we’re headed next

We’re using this investment to double down on what we do best: simplifying financial admin so SMBs and accountants can focus on what matters.

• Mimo Flex: With $125M+ from Froda, more SMBs will soon have access to flexible working capital, embedded directly into Mimo.

• Mimo Fetch: AI-powered bookkeeping automation is coming soon to eliminate the headache of chasing invoices and missing documents.

• Scaling up: We’re expanding our team and product to make Mimo the go-to platform for payments and cash flow management.

To our customers, partners, and investors - thank you. We’re building Mimo with you, for you, and your trust and feedback fuel our mission.

If you are keen to try the product, explore a partnership, join our mission or simply learn more, don’t hesitate to reach out.

I’m at henrik at mimohq dot com.

Onwards,
Henrik