Mimo Raises £15.5 Million for B2B Payments Solution and Expansion
Mimo Raises £15.5M in Funding
Mimo's Funding and Expansion
Key Highlights:
- Funding Round: Mimo, a platform providing global payments and financial management for SMBs and accountants, raised £15.5 million in funding.
- Investors: Northzone led the round, with participation from Cocoa Ventures, Seedcamp, Upfin VC, and angel investors from Stripe, GoCardless, Wayflyer, and Anyfin.
- Expansion Plans: The funding will be used to develop Mimo's B2B payments solution for SMBs and expand its team.
Mimo's Target Market
- Target Market: Small and medium-sized businesses (SMBs) and finance professionals seeking simplified global payments and financial management solutions.
- International Businesses: Companies operating globally and dealing with multiple currencies.
- Accounting and Finance Professionals: Professionals looking for efficient tools to manage cash flow and payments for their clients.
What Mimo Needs to Buy
- Technology Development: Investments in technology and software development to enhance Mimo's B2B payments solution and financial management tools.
- Business Development and Sales: Resources to expand Mimo's customer base and establish partnerships with SMBs and finance professionals.
- Talent Acquisition: Hiring additional team members to support product development, customer support, and business growth.