What is Miti?
Founded in 2014 and headquartered in Stockholm, Sweden, Miti operates as a leading digital platform dedicated to global trade financing. The platform is engineered to facilitate seamless assessment of real-time pricing, risks, and capacity from partner banks. By integrating SWIFT connectivity, APIs, and Artificial Intelligence, Miti aims to optimize financing access and execution for its diverse clientele, which includes multinational corporations, commodity traders, and financial institutions. Its innovative approach addresses critical needs in the complex landscape of international trade finance.
How much funding has Miti raised?
Miti has raised a total of $26.5M across 3 funding rounds:
Other Financing Round
$5.7M
Other Financing Round
$9.8M
Other Financing Round
$11M
Other Financing Round (2018): $5.7M with participation from MOOR and Fort Knox
Other Financing Round (2019): $9.8M led by Fort Knox, Johan Andersson, and Kaj Hed
Other Financing Round (2023): $11M, investors not publicly disclosed
Key Investors in Miti
MOOR
MOOR, identified as Moor Holding, is a family office based in Stockholm, Sweden, with a focus on digital innovation and transformation. They are active owners with a long-term perspective, investing in companies that aim for global impact, particularly those with Nordic roots. Their portfolio includes both public and private companies, and they partner with management teams to build stronger businesses.
Fort Knox
Fort Knox is an entity that has participated in Miti's funding rounds. Further details regarding their investment focus or specific role are not publicly disclosed.
Johan Andersson
Johan Andersson is an individual investor who has backed Miti. Specific details about their investment thesis or other portfolio companies are not available.
What's next for Miti?
The recent major strategic investment signals a new phase of expansion and development for Miti. This capital injection is expected to fuel further technological advancements, enhance market penetration, and potentially broaden the platform's service offerings. As Miti continues to scale its operations, it is well-positioned to solidify its leadership in the digital trade finance sector, leveraging its AI capabilities and extensive network to drive efficiency and accessibility in global commerce. The company's focus on enterprise-level solutions indicates a strategic intent to capture a larger share of the corporate trade finance market.
See full Miti company page
