Fundz

Mimo raises £15.5M in a funding round led by Northzone and other investors, and launches platform to simplify B2B payments.

PRIVATEApr 11, 2024

Amount Raised

£15.5 Million

Round Type

Funding Round

LondonFinancial ServicesFinance

Investors

FostUpfin VcSeedcampCocoa VenturesNorthzone

Description

Mimo, the SMB Financial Management Platform, has raised £15.5M (€18M) of new investment, led by Northzone, to launch its platform for simplifying B2B payments. The funding will be used to continue building out its B2B payments solution for SMBs and expand its headcount.

Quick answer

Mimo raised £15.5 Million in a Funding Round round, dated April 11, 2024. Investors: Fost, Upfin Vc, Seedcamp, Cocoa Ventures and Northzone. Mimo is based in London, England, United Kingdom.

How much did Mimo raise?
Mimo raised £15.5 Million in a Funding Round round on April 11, 2024.
Who invested in Mimo?
Fost, Upfin Vc, Seedcamp, Cocoa Ventures and Northzone are named as investors in this round.
What does Mimo do?
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.
Where is Mimo based and how big is it?
Mimo is based in London, England, United Kingdom.
Who are the decision-makers at Mimo?
Fundz holds 1 contact at Mimo. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Mimo that raised within 45 days of this round, from Fundz verified event records.

  • Strive, Inc. raised $1.5M on May 24, 2024.
  • CBi Group raised $15M (Series A) on May 23, 2024.
  • Resilience raised $25M (Funding Round) on May 23, 2024.
  • CNote raised $1.1M on May 17, 2024.
  • NG.CASH raised $13M (Series A) on May 15, 2024.
  • Incredible raised $1M (Pre-Seed) on May 14, 2024.

Who to call at Mimo, and when

A new round usually means Mimo is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at Mimo, from your own LinkedIn network

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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.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.