Startup
Mimo
Payments, cash flow and accounts payable platform for SMEs and their accountants, founded by three former iZettle staff in London and Stockholm, with embedded working capital from Froda.
| Founded | 2023, London and Stockholm |
|---|---|
| Founders | Henrik Grim (CEO, formerly Capchase and Northzone), Alexander Gernandt Segerby (CPO), Andreas Meisingseth (CTO); all formerly iZettle |
| Stage | Seed |
| Total funding | About $29m equity |
| Last round | $8.5m, March 2025, led by Project A with Northzone and Seedcamp; plus a $125m embedded funding partnership with Froda |
| Earlier rounds | GBP 15.5m pre-launch round, April 2024 |
| What it does | Bill payments, invoice collection, cash flow visibility and accounts payable automation, with pay-later working capital for SMEs, sold direct and through accounting firms |
| Traction | Usage up 10x in a year; hundreds of millions in payment volume processed; about 20 staff |
| Pricing | Not published |
| Markets | UK, Nordics |
| Peers | Kolleno, Chaser, Round Treasury, Melio, Tide |
Why it matters
Mimo raised GBP 15.5 million before it had launched, then $8.5 million more in 2025 with a $125 million lending line attached. It is the UK’s best-funded attempt to combine payments, AP and working capital for small businesses in one product sold through accountants.
Updated September 2026.
Part of Accountio’s accounting technology coverage.
