Mimo Secures €18 Million in Funding
Mimo, a London, UK-based fintech platform simplifying global payments, cash flow, and financial management for SMBs and accountants, has secured €18 million in funding.
The round was led by Northzone, with participation from Cocoa Ventures, Seedcamp, Upfin VC, Fost Capital, and various angel investors from Stripe, GoCardless, Wayflyer, and Anyfin.
Founded in 1996, Northzone is a multi-stage venture capital fund, dedicated to founders who take on whatever the world throws at them. Based in London, United Kingdom, from seed to growth, the firm seeks to invest across Europe and the United States.
The company will use the funding to fuel product development, platform expansion, and commercial growth.
Founded in 2023 by Henrik Grim, Alexander Gernandt Segerby, and Andreas Meisingseth, Mimo is a fintech company that offers a platform that streamlines workflows and improves financial visibility. By providing a suite of financial tools tailored to SMBs' needs, Mimo enables businesses, accountants, and bookkeepers to manage finances efficiently through a single platform. Key features include the ability to initiate payments with a click, access working capital, and facilitate faster payments from customers in any currency.
Funding Details
Company: Mimo
Raised: €18.0M
Round: Unknown
Funding Month: April 2024
Lead Investors: Northzone
Additional Investors: Cocoa Ventures, Seedcamp, Upfin VC, Fost Capital, and various angel investors from Stripe, GoCardless, Wayflyer, Anyfin
Company Website: https://www.mimohq.com/
Software Category: Financial