Mimo provides a platform designed to streamline business payments and improve cash-flow management for SMEs, accountants, and bookkeepers. The service automates accounts payable and receivable and integrates with accounting software such as Xero and QuickBooks. Mimo offers built-in access to working capital with pre-approved credit lines and automates bookkeeping tasks like reconciliation. The company has arranged an embedded funding partnership with Froda to provide UK-based SMBs with credit options and plans to scale this across Europe. The team emphasizes product iteration to help customers save time and money, per CEO Henrik Grim, and Project A partner Malin Posern has joined the board. The platform operates in a regulatory environment that requires strict data protection (including GDPR) and strong security for financial transactions. Mimo is a platform that simplifies global payments, cash flow, and financial management for SMBs and finance professionals. Its tools enable businesses and accountants to pay suppliers, access working capital, and get paid by customers in any currency. The company already works with 50+ SMBs and finance professionals and processes several million GBP every month via its early access offering. Mimo operates from London and Stockholm and employs 14 people of five nationalities. The startup plans to use the new funds to build out its B2B payments solution for SMBs and expand its headcount. Founded in 2023, the company is led by CEO Henrik Grim, CPO Alexander Gernandt Segerby, and CTO Andreas Meisingseth.

Total raised

$28M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2025