Mimo raises $8.5M in equity funding
The round was led by Project A, with support from Northzone and Seedcamp, alongside a $125M+ embedded credit partnership with Froda.
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Accounting automation platform for firms
mimohq.comLast updated
In short: Mimo secured $8.5M in equity funding and established a $125M+ credit partnership to scale its AI-driven financial management and payroll solutions.
The round was led by Project A, with support from Northzone and Seedcamp, alongside a $125M+ embedded credit partnership with Froda.
The workflows match statements line by line and reconcile the whole balance sheet with reasoning, reducing manual time from hours to minutes.
Dan Cooper of Ryecroft Glenton emphasizes reciprocal tech partnerships, team involvement in AI adoption, and future advisory focus. Feedback shapes products like Mimo Associate.
It automates P&L reviews, surfaces adjustments continuously, manages schedules, and learns preferences to streamline month-end closes. Available now.
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