What is Mimo?
Mimo operates as a comprehensive financial management platform, meticulously designed to streamline global payments, optimize cash flow, and enhance financial operations for SMBs, accountants, and bookkeepers. The platform's core functionality includes the automation of accounts payable and receivable processes, alongside robust bookkeeping and reconciliation capabilities. Established in 2023 with dual offices in London and Stockholm, Mimo's overarching vision is to foster the growth of small business trade by dismantling barriers to money flow.
How much funding has Mimo raised?
Mimo has raised a total of $28M across 2 funding rounds:
Other Financing Round
$19.5M
Other Financing Round
$8.5M
Other Financing Round (2024): $19.5M with participation from Northzone and Seedcamp
Other Financing Round (2025): $8.5M led by Seedcamp and Northzone
Key Investors in Mimo
Seedcamp
Seedcamp is a venture capital firm that supports early-stage startups by providing investment, mentorship, and access to a global network. The firm focuses on ambitious founders and innovative companies across various sectors, helping them grow from initial concepts to successful businesses.
Northzone
Northzone (northzone.com) is a multi-stage venture capital fund built on experience spanning multiple economic and disruptive technology cycles and has over $1.7 billion under management. Founded in 1996 and with a team spread across three main hubs, New York, London and Stockholm, Northzone has to date raised nine funds and invested in more than 150 companies.
What's next for Mimo?
The substantial enterprise-level funding and recent strategic investment signal a strong growth trajectory for Mimo. This capital infusion is expected to fuel further platform development, market expansion, and the enhancement of its automation features. Mimo is strategically positioned to solidify its market leadership in simplifying financial management for SMBs, likely focusing on scaling its operations and deepening its service offerings to address the evolving needs of its target clientele.
See full Mimo company page
