Mimo Secures 6.6m Investment to Expand FinTech Solutions
Deal News | Mar 12, 2025 | Business Cloud
Mimo, a London-based FinTech startup, has successfully raised 6.6 million in new investment to enhance its B2B payment solutions for SMBs and expand its workforce. Founded in 2023, Mimo aims to simplify global payments, cash flow, and financial management for SMBs and accountants. The investment round was led by Project A, with Northzone and Seedcamp also participating. The firm has seen a 10x growth in platform usage over the last year, servicing hundreds of SMBs and finance professionals. Mimo has also partnered with Froda to provide UK SMBs with over $125 million in flexible working capital solutions, with plans for pan-European scalability. The company is managed by co-founder and CEO Henrik Grim, and has recently expanded its product offerings to larger businesses and accounting firms. Mimo's board now includes Malin Posern from Project A.
Sectors
- Financial Technology (FinTech)
- Payment Solutions
Geography
- United Kingdom – Mimo is a London-based company and is expanding its services for UK SMBs.
- Sweden – Mimo also maintains an office in Stockholm, expanding its geographical footprint.
Industry
- Financial Technology (FinTech) – The article discusses Mimo, a FinTech company aimed at improving SMB payment solutions and financial management.
- Payment Solutions – Mimo focuses on B2B payment solutions to enhance cash flow management for SMBs, which falls under the payment solutions industry.
Financials
- 6.6m – The total amount of new investment raised by Mimo.
- $125m – The amount of flexible working capital solutions Mimo plans to offer through partnership with Froda.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mimo | Target company | Company | A London-based FinTech startup focusing on B2B payment solutions for SMBs. |
| Project A | Lead Investor | Company | A venture capital firm leading the investment round in Mimo. |
| Northzone | Investor | Company | A venture capital firm that invested in Mimo during this round and previous rounds. |
| Seedcamp | Investor | Company | A seed-stage investment firm reinvesting in Mimo in this round. |
| Froda | Commercial Partner | Company | An SMB financing provider partnering with Mimo to offer flexible working capital solutions. |
| Henrik Grim | Co-founder and CEO | Person | CEO and co-founder of Mimo. |
| Malin Posern | Board Member | Person | Partner at Project A, joining Mimo's board. |