What Mimo does

Mimo is a UK-headquartered fintech operating two integrated product lines aimed at accounting firms and the small businesses they serve. The first product, Mimo Associate, is an AI-powered accounting associate that automates the end-to-end month-end close — coordinating task-specific agents for document collection, invoice scanning, bank and balance-sheet reconciliation, prepayment and accrual detection, journal entry preparation, and P&L variance commentary. The second, Mimo Pay, is a global B2B payments platform supporting 50+ currencies to 100+ countries with multi-currency wallet, approval workflows, and payroll, distributed via regulated EMI partners Airwallex, GoCardless, and Modulr. A third offering, Mimo Flex, embeds working-capital financing through a partnership with Froda Bank covering $125M+ of capacity for UK SMEs. The underlying technology stack combines multi-agent orchestration on top of multiple third-party LLMs (OpenAI, Anthropic, Google Gemini/Vertex AI, Mistral AI), a deep Xero accounting API integration, Open Banking connectivity via Plaid, and infrastructure hosted on Google Cloud Platform in London.

The company runs a hybrid go-to-market: a sales-led enterprise motion targeting UK accounting practices (with co-built design-partner relationships established during product development), a self-serve PLG funnel for SMBs (currently limited to UK limited companies), and marketplace distribution via the Xero app store, where it holds a 5.0-star rating. Revenue is generated through quote-based SaaS subscriptions for Mimo Associate (tiered by firm size and service level), transaction fees on payment volume through Mimo Pay, and managed-services economics on the embedded Froda working-capital product. Eleven named UK accounting firms are reference customers, including PM+M, Ryecroft Glenton, Green & Purple, and TC Group.

Founded in 2023 by Henrik Grim (CEO, ex-Capchase GM Europe and ex-Northzone), Alexander Segerby (CPO), and Andreas Meisingseth (CTO), Mimo is backed by Northzone, Project A, and Seedcamp across a ~$28M total equity raise. It employs ~30 staff across London and Stockholm, holds two legal entities (Omim Technology Ltd in England and Wales, Omim Technology AB in Sweden), and operates with stated ISO 27001 alignment. Future plans include expansion into select EEA markets and broader availability of Mimo Associate in Q1 2026.

Name

Mimo

Legal name

Omim Technology Ltd

Website

https://mimohq.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

51–100 employees

Short description

Mimo is a UK fintech providing AI-powered month-end accounting automation (Mimo Associate) and global B2B payments (Mimo Pay) to UK accounting firms and the small businesses they serve, with embedded working capital via Froda.

Ownership category

akta.pro rank

Product category

AI Accounting and B2B Payments Software

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Enterprise Foundation Model Integration & APIs (Connectors, Governance, Deployment) (HDAAACAO)

Keywords

• AI accounting automation
• Month-end close software
• B2B payments platform
• Working capital financing
• Accounting workflow AI

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Mimo Associate Subscription: SaaS subscription model for accounting firms using Mimo Associate AI accounting automation. Pricing is quote-based, tiered based on firm size and service level (Bookkeeping, Review & Adjust, or Full service). Revenue is recurring as firms pay monthly/annual subscriptions per client or practice.
2. Mimo Pay - Payment Processing: Transaction-based revenue from B2B payment processing and global money transfers. Firms and SMBs pay for payment runs, international transfers, and currency conversion.
3. Mimo Flex - Working Capital Financing: Embedded financing partnership with Froda enables working capital solutions. Revenue likely generated through referral fees or revenue share on financed volume.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels10 records

Core offering

Mimo builds an AI-powered financial operations platform consisting of three products: Mimo Associate, an AI accounting associate that automates end-to-end month-end close workflows for accounting firms using coordinated multi-agent AI; Mimo Pay, a global B2B payments platform supporting 50+ currencies to 100+ countries with multi-currency wallet and approval workflows; and Mimo Flex, embedded working capital financing for UK SMEs delivered in partnership with Froda Bank.

Product overview

Mimo is a platform simplifying global payments and AI-powered financial management for accountants and SMBs. The core offering consists of two main products: Mimo Associate (an AI accounting associate for automating month-end close workflows) and Mimo Pay (a global B2B payments platform). Mimo Associate operates as a system of work with multiple integrated modules including Document Collection, Scan & Publish, Bookkeeping, Bank Reconciliation, Adjustments, P&L Review, and Balance Sheet Reconciliation, all orchestrated by AI agents that learn from each client and cycle. Mimo Pay enables global payments and payroll management across 50+ currencies. An optional working capital financing add-on called Mimo Flex provides SME credit through a Froda Bank partnership. The platform integrates with Xero for accounting data sync and uses multiple AI model providers (OpenAI, Anthropic, Google, Mistral) for inference.

Differentiator

Problem solved

Functional benefit

Products and services

• Mimo Associate AI-powered accounting associate that automates end-to-end month-end close workflows for accounting firms and outsourced finance teams. Coordinates task-specific AI agents across document collection, transaction reconciliation, prepayments/accruals, journal entries, and P&L review to reduce month-end time by up to 50%.
• Mimo Pay Global B2B payments platform enabling businesses and accountants to manage supplier payments, payroll, and international transfers. Supports payments in 50+ currencies to 100+ countries with approval workflows and audit logs.
• Mimo Flex Embedded working capital financing solution providing UK SMEs with access to flexible credit facilities through a partnership with Froda Bank. Covers inventory, supplier payments, and bridging timing gaps.

Quantifiable outcome

• Month-end time reduced by up to 50%
• +8 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability9 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered core.

• Airwallex (UK) LimitedcoreTechnology or IntegrationElectronic Money Institution (EMI) providing e-money wallet and payment services. Authorised and regulated by FCA (FRN 900876). Safeguards customer funds per Electronic Money Regulations 2011. Provides payment infrastructure and financial services.
• GoCardlesscoreTechnology or IntegrationDirect debit and recurring payment collection provider. Authorised and regulated by FCA (FRN 597190). Enables automated payment collection from UK bank accounts.
• PlaidcoreTechnology or IntegrationBank account connectivity and open banking provider. Authorised Payment Institution regulated by FCA (FRN 804718). Omim Technology Ltd acts as agent of Plaid for regulated account information services. Enables real-time bank transaction feeds and balance checking.
• XerocoreTechnology or IntegrationAccounting software integration. Mimo Associate connects to Xero for accounting data sync, bank feeds, transaction history, and journal entries. Listed on Xero app store with 5.0 star rating. Xero history used as source of truth for AI learning.
• Google Cloud PlatformcoreTechnology or IntegrationCore application infrastructure, API hosting, database, and storage. Data location: UK (London).
• OpenAIcoreTechnology or IntegrationAI model inference and processing. Powers LLM capabilities for Mimo Associate AI agents.
• AnthropiccoreTechnology or IntegrationAI model inference and processing. Additional LLM provider for AI capabilities.
• Modulr FScoreTechnology or IntegrationPayments infrastructure partnership. Works alongside Airwallex for safeguarding customer funds. Provides additional e-money and payment processing capabilities.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Countingup: Countingup combines a UK business current account with built-in accounting software. Comparable to Mimo's UK LTD focus on integrated banking, payments, and accounting for UK SMBs.

Emerging players

• BlueDot: BlueDot (formerly known for AI tax compliance tooling) targets AI-powered tax and compliance automation for accountants. Comparable to Mimo Associate's domain-specialized AI approach for accounting workflows.
• Moss: Moss provides corporate cards and spend management for SMBs in Europe. Comparable to Mimo Flex's working capital and embedded finance proposition, with similar European SMB target market.

Direct peers

• Vic.ai: Vic.ai provides AI-powered autonomous accounting and invoice processing for finance teams. Directly comparable to Mimo Associate's AI close automation and invoice scanning capabilities.
• Botkeeper: Botkeeper offers AI-driven bookkeeping and accounting automation for SMBs and accounting firms. Closely comparable to Mimo's combination of AI accounting workflows plus payments/financing.
• MindBridge AI: MindBridge builds AI agents for accounting and audit workflows, including anomaly detection and transaction analysis. Comparable to Mimo Associate's anomaly detection and reconciliation features.
• Pilot.com: Pilot provides AI-augmented bookkeeping, accounting, and CFO services for SMBs. Comparable in combining accounting automation with finance services targeting SMB customers.
• Airwallex: Airwallex is a global B2B payments and treasury platform. Comparable to Mimo Pay's global multi-currency payments offering, though Airwallex is also Mimo's infrastructure partner (EMI).

Broad incumbents

• Karbon: Karbon is a workflow and practice management platform for accounting firms. Comparable as it targets the same UK/US accounting firm customer base, though it focuses on workflow management rather than AI accounting execution.
• Wise: Wise operates a global multi-currency payments platform for businesses and individuals. Comparable to Mimo Pay's cross-border B2B payment functionality, at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/joinmimo
• Instagraminstagram.com/joinmimo
• Xx.com/joinmimo
• Facebookfacebook.com/mimopayments

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mimo