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SMB financial management platform Mimo has raised $8.5 million in an equity round, led by Project A. The new funding will be used to enhance its B2B payments solution and expand its team.

Mar 12, 2025•4 months ago

Amount Raised

$8.5 Million

LondonFinanceFinancial Services

Investors

SeedcampNorthzoneProject A

Description

Mimo, a platform for simplifying global payments and financial management for SMBs, has secured $8.5 million in new funding led by Project A. Returning investors include Northzone and Seedcamp, with Mimo also establishing a partnership with Froda. This partnership will enable Mimo to provide over $125 million in flexible working capital solutions for UK SMBs. The funding will support the company's growth and development of its payments solution.

Company Information

Company

Mimo

Location

London, England, United Kingdom

About

Mimo, which stands for ‘Money In, Money Out’, provides a suite of financial tools that bundles the features needed for SMBs to better understand and control their cash flow. Rather than relying on a disjointed network of applications including house banks, SaaS tools, and FX brokers to manage finances, Mimo gives businesses, accountants, and bookkeepers a single tool for easier administration and better financial decisions. Through the platform’s credit offering, risk is minimized and working capital optimized so that businesses can send and receive payments on their own terms.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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