Mimo, a fintech startup focusing on payments and cash flow management for SMEs, raised $8.5 million in a funding round led by Project A Ventures.

Target Information

Mimo is an innovative payments and cash flow management platform designed for small and medium-sized businesses (SMBs), accountants, and finance professionals. Founded in 2023 by Alexander Segerby, Andreas Meisingseth, and Henrik Grim, Mimo aims to streamline financial operations and enhance cash flow visibility for its users. With a focus on providing intuitive services, Mimo addresses the needs of finance professionals by offering essential tools that simplify payment processing and cash management.

This funding round saw Mimo raise $8.5 million in venture capital, led by Project A Ventures, which supports the company’s growth trajectory and development of new features to meet the evolving demands of its target market.

Industry Overview

The fintech sector in the UK, particularly in London, has been experiencing significant growth, driven by rising demand for digital financial solutions and innovations. The landscape is characterized by a diverse range of players, including paym