We Partner with Financial Management Platform Mimo

As we announce our partnership with Mimo, we share how we built our conviction.

For as long as I’ve worked in and around small companies, one challenge has remained constant despite technological advances: managing the time and mental energy spent on manual admin tasks, particularly those money-related. In small and medium-sized businesses (SMBs), it’s rare to find a dedicated specialist for every function. More often, the same people (or person) responsible for running the day-to-day, serving customers, and growing the business are also the ones monitoring income, paying suppliers, and keeping the business afloat. It’s a system held together with a patchwork of disconnected tools, workarounds and significant mindshare.

The market hasn’t ignored these problems. Over the past decade, we’ve seen impressive products tackle individual pain points in payments, accounting, or credit. But that fragmentation has come at a cost. Small business owners – and the accountants who support them – are now expected to juggle and pay for multiple platforms, each partially solving the problem but adding complexity in the process. And still, the core challenge remains: how do you give wildly different SMBs true visibility and control over their finances in an automated way?

This is exactly what Mimo is set out to solve. From the first time we met Henrik, Alexander and Andreas, it was clear they understood both the depth of the problem and the scale of the opportunity. Mimo isn’t just another point solution. Their vision is a complete financial platform built to simplify global payments, cash flow and financial management for SMBs and accountants. 

By embedding credit directly into daily workflows, Mimo helps businesses bridge cash flow gaps without the friction of traditional financing. For small business owners, it means fewer late nights wrestling with admin and more time focused on value adding aspects of business and life. For accountants and finance professionals, it means fewer tools to manage and a smoother, more automated way to support their clients. We’ve been following Mimo since they came out of stealth. Everything the team said they would do that very first meeting in Stockholm, they’ve done, and more. In a category where companies often struggle to scale, Mimo has been ambitious from the start, going beyond the obvious to take on the full complexity of SMB financial management to create lasting value for the businesses who need it the most.

Why Mimo, Why Now

Mimo is tailored to the challenges SMBs of today are facing in their “financial back office”. They serve hard working customers in need to streamline and automate their business steering. Unlike other solutions in the market, Mimo simplifies both accounts payable (AP) and accounts receivable (AR), enhances liquidity management, and accelerates revenue collection through tools e.g. Get Paid and Fetch, which uses AI to automate bookkeeping. Mimo’s Flex, an embedded credit line, offers SMBs flexible access to working capital when they need it most, addressing liquidity challenges and improving financial stability. Additionally, through its partnership with FreeAgent, Mimo connects payments and accounting in real time, enabling SMBs to save time, regain control over their finances, and improve cash flow.

So, why is now the right time to change the status quo? With 99% of European businesses being SMBs, providing jobs to over 85M European citizens, this market is the backbone of our economy and competitiveness. Yet, this market remains underserved by existing solutions. Technology has evolved to the point where AI can now automate the very workflows that have traditionally burdened small businesses. At the same time, the accounting profession is under strain: the workforce is aging, and fewer graduates are entering the field, which leaves accountants overwhelmed by the growing demands of SMBs. On top of that, the financial pressure is intensifying, as rising costs and limited access to affordable financing force many businesses to scramble for cash flow solutions. Mimo’s solution is perfectly aligned with this moment.

The team behind Mimo is exceptional. Having served this customer segment for over a decade, they bring lived expertise to the table. Henrik launched and scaled Capchase in Europe, Alexander led iZettle Capital from alpha to implementation across seven EU markets and Andreas developed iZettle’s risk and fraud systems, which became the cornerstone of their underwriting model. Their experiences have equipped them with knowledge and operational insight to tackle the full spectrum of SMB finance.

Our commitment to strengthening European SMBs

We couldn’t be more delighted to partner with Henrik, Alexander and Andreas. We are looking forward to seeing them equip and empower European small business owners, accountants, and bookkeepers for years to come. In this Equity Round, we are joining forces with Northzone and Seedcamp, as well as leading international angels and entrepreneurs from the founding trio’s professional pasts.

PS: If you’re a small business owner and want to experience the modern way to manage cash flow and financial admin, don’t hesitate to reach out to Mimo’s team!