London-based Mimo has raised $8.5M in new funding, led by Project A, to support its B2B payments solutions and team expansion for SMBs. The company, founded in 2023, offers automated financial tools that simplify invoicing, payments, and collaboration for small businesses. Mimo's platform has experienced significant growth, increasing its usage by 10x over the past year, processing substantial payment volumes. In partnership with Froda, Mimo aims to provide UK SMEs with over $125M in flexible working capital solutions, with plans to expand across Europe.
Over the past year, Mimo's usage has increased 10x, processing hundreds of millions in payment volume.
Founded in 2023 by Henrik Grim, Alexander Gernandt Segerby, and Andreas Meisingseth, Mimo is a financial platform for SMBs and finance professionals.
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