We're thrilled to share that Mimo has successfully raised $8.5M in equity funding, led by Project A, with continued support from Northzone and Seedcamp. Alongside this, we've also secured a $125M embedded funding partnership with Froda – a strategic step toward transforming how small and medium-sized businesses (SMBs) manage their finances.
At Mimo, we’re on a mission to take the pain out of financial admin for SMBs and accountants. Since launching less than a year ago, we’ve already processed hundreds of millions in GBP for businesses across the UK, proving that there’s a real and urgent need for smarter, simpler financial tools.
This latest round of funding enables us to go even further.
With Mimo Flex, we’re embedding access to flexible credit directly into the financial tools SMBs already use – enabling faster, smarter capital allocation. And with Mimo Fetch, we’re harnessing the power of AI to automate bookkeeping – saving business owners and accountants countless hours each month.
Cash flow is the lifeblood of any business. But managing it shouldn't be a full-time job. We're building Mimo to be the go-to platform for SMBs to manage payments, credit, and cash flow – seamlessly and intelligently.
This milestone wouldn’t have been possible without the belief and backing of our customers, partners, and investors. A huge thank you to everyone who’s been part of the journey so far – and to those joining us now, welcome aboard.
