MIMO

What MIMO does

MIMO is a privately held fintech and physical cash automation company that designs, manufactures, sells, and supports cash and coin recycling systems for cash-intensive enterprises. The company's hardware portfolio centers on the MIMO 200 (high-volume recycler), MIMO 50 (compact under-counter unit), MIMO 300 (high-capacity dual-denomination recycler), and the MIMO Tank (mobile cash collector for large venues), complemented by UL Listed TL-30 high-security safes, drop safes, cash counters, and a broad accessories catalog. The underlying technology combines proprietary cash validation, counterfeit detection, and cassette-based recycling with a cloud-based back-office platform (MIMO Cloud Back Office and Back Office Plus) that delivers real-time reporting, multi-location visibility, and API integrations into POS, HR, and hotel property management systems (including Evention).

MIMO makes money primarily through direct hardware sales to enterprise customers (casinos, hotels, amusement parks, grocery chains, retail, cannabis dispensaries) via a sales-led go-to-market that includes a U.S.-wide mobile showroom RV, inside sales, and an e-commerce storefront for parts and accessories. Recurring revenue comes from cloud software subscriptions and 24/7 service and support contracts, while consumables (cassettes, receipt paper, coin hoppers) generate ongoing parts revenue. Pricing on core equipment is quote-based, with fixed pricing on accessories; software is sold as annual subscriptions in two tiers (Back Office and Back Office Plus). All operations, including manufacturing, shipping, sales, and support, are centralized at the company's Aurora, Illinois headquarters.

The company serves enterprise and mid-market customers across multiple verticals and is led by CEO Pat Johnson, a 40-year industry veteran; MIMO is certified as a 100% woman-owned business. Founded in 2010, MIMO has accumulated reference customers including Universal Studios Hollywood, Costco, Ilani Casino Resort, Red Hawk Casino, Loews Hotels, Anderson Farms, and Langers Entertainment, and has expanded its product line in recent years with the MIMO 50, MIMO Tank, and the 2025 MIMO Smart Safe launch into cannabis, retail, and convenience store segments.

Name

MIMO

Legal name

MIMO, LLC

Website

https://mimo-llc.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

MIMO is a private fintech company that designs, manufactures, and sells automated cash and coin recycling systems with cloud-based back-office software for cash-intensive enterprises across casinos, hotels, retail, amusement parks, and cannabis dispensaries in the United States.

Ownership category

akta.pro rank

Product category

Cash Handling Automation Equipment

akta.pro primary industry

Retail Cash Deposit & Smart Safe / Cash Recycling Solutions (FSAMAOAG)

Keywords

• Cash handling automation
• Cash recycling machines
• Coin sorting equipment
• High security safes
• Cash management software

Headquarters

HQ city

Aurora

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Hardware Sales: MIMO generates primary revenue from selling cash and coin recycling equipment including the MIMO 200, MIMO 50, MIMO Tank, MIMO 300, cash counters, drop safes, and high-security safes. Hardware is sold directly through website storefront, phone sales, and enterprise sales. Accessories and parts (cassettes, receipt paper, coin hoppers) provide additional hardware revenue streams.
2. Software Subscriptions: MIMO offers cloud-based back office software (MIMO Cloud Back Office and Back Office Plus) as subscription services providing real-time reporting, remote user management, and multi-location tracking capabilities.
3. Parts and Accessories: Replacement parts, accessories, and consumables including cassette keys, receipt paper, coin hoppers, coin audit trays, and barcode scanners sold through the online store.
4. Service and Support: 24/7 technical support and maintenance services for MIMO equipment, including preventative maintenance scheduling and remote diagnostics.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

MIMO manufactures, sells, ships, and supports automated cash and coin recycling equipment (MIMO 200, MIMO 50, MIMO Tank, MIMO 300), UL Listed TL-30 high-security safes, drop safes, high-speed cash counters, and cloud-based back-office software for cash-intensive businesses. The system automates acceptance, dispensing, validation, counterfeit detection, employee bank preparation, tip payouts, and reconciliation, replacing manual cash handling in retail, hospitality, gaming, grocery, cannabis, and amusement-park operations.

Product overview

MIMO offers a comprehensive family of cash and coin management products designed for automated cash handling in retail, hospitality, gaming, and cannabis dispensary environments. The core product line includes the MIMO 200 (high-volume cash and coin recycler), MIMO 50 (compact under-counter recycler), MIMO Tank (mobile cash automation), and MIMO 300 (high-capacity recycler with dual denomination cassettes). The product ecosystem is complemented by MIMO Secure high-security safes (UL Listed TL-30), MIMO Drop Safe, and MIMO Cash Counters for verification. Software offerings include MIMO Cloud Back Office and MIMO Cloud Back Office Plus for real-time reporting and remote management. The company also offers a full range of accessories and parts including cassettes, coin hoppers, receipt printers, barcode scanners, coin sorters (Mach 3 American and Canadian), and audit equipment. MIMO's in-house Development Team provides API integration capabilities for POS and payment systems, with confirmed integration to Evention hotel payment software.

Differentiator

Problem solved

Functional benefit

Brands

• MIMO 200: Most popular cash and coin recycler with large capacity for businesses with high daily cash volume.
• MIMO 50
• MIMO Tank
• MIMO 300
• MIMO Smart Safe
• MIMO Secure
• MIMO Drop Safe
• MIMO Cash Counters
• MIMO Cloud Back Office
• MIMO Cloud Back Office Plus

Products and services

• MIMO 200 Cash and Coin Recycler MIMO's flagship large-capacity cash and coin recycler for businesses with many employees and high daily cash volume. Automates employee bank preparation, change making, deposit verification, counterfeit validation, and tip payouts, and integrates with HR or POS systems via the MIMO API.
• MIMO 50 Cash and Coin Recycler Compact, under-counter cash and coin recycler designed for small to mid-size retailers with lower cash volume and limited space. Delivers the same acceptance, dispensing, validation, and recycling capabilities as the MIMO 200 in a smaller form factor.
• MIMO Tank Mobile Cash Automation Mobile cash recycler that travels to securely collect cash from outlets around a venue, eliminating the need for runners to touch cash and reducing security risks in the field. Features secure cassette storage and reduces the amount of cash held outside the vault.
• MIMO 300 Cash and Coin Recycler Cash and coin recycler with faster transactions and increased cassette capacity. Larger cassettes can be split to offer dual denomination functionality, enforcing employee cash accountability while automating cash distribution and validation.
• MIMO Smart Safe Secure safe designed for retail, cannabis dispensaries, and convenience stores, providing secure and efficient cash storage for high-volume, security-sensitive cash operations.
• MIMO Secure UL Listed TL-30 High Security Safes Full line of UL Listed TL-30 high-security safes with heavy steel plates, advanced Polyceramic Barrier construction, 9,000 p.s.i. resistance, massive re-locking system, and up to 2 hours of certified fire protection. Available in double and single-door options with custom colors and finishes.
• MIMO Drop Safe Top-loading drop safe with two interior compartments for securely storing inventory, checks, spare cassettes, and other media, featuring a hidden saw-toothed baffle, concealed key-locked compartments, and an automatic spring-loaded relocking device.
• MIMO Cash Counters High-speed cash counters offering maximum accuracy for businesses requiring independent double-verification. Features reject pocket for suspicious notes, counting, sorting, rapid facing, fitness capabilities, foreign currency support, and can be used standalone or integrated with MIMO cash and coin automation.
• MIMO Cloud Back Office Software Cloud-based back-office reporting software essential for businesses using MIMO cash recycling. Provides secure programming, full visibility, detailed reports, current inventory and status, custom email and text alerts, and access from phone, tablet, or home office for multi-location tracking.
• MIMO Cloud Back Office Plus Enhanced cloud software enabling remote MIMO updates from anywhere, enhanced permission capabilities by department, API integrations with POS and third-party systems, and streamlined reconciliation for multi-location operations.
• Mach 3 Coin Sorter (American, Reconditioned) Reconditioned coin sorter that counts and sorts U.S. coins at speeds up to 1,500 coins per minute, ideal for low to mid-range coin volume applications, sold as a standalone unit through the MIMO online store.
• Mach 3 Coin Sorter (Canadian, Reconditioned) Reconditioned coin sorter that counts and sorts Canadian coins at up to 1,500 coins per minute with RS232 and USB connectivity and exact bag stops, sold standalone through the MIMO online store.

Quantifiable outcome

• ROI achieved in as little as 12 months for most customers
• +7 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature8 records

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Amricc (formerly ScanCoin): Amricc is a leading manufacturer of coin and banknote counting/sorting equipment and cash room automation solutions, directly competing with MIMO's coin sorter, cash counter, and integrated cash room product lines for retail and banking customers.
• FireKing Security Group: FireKing manufactures cash handling safes, drop safes, and cash management products for retail, restaurant, and convenience store customers — directly competing with MIMO's drop safe, smart safe, and UL TL-30 high-security safe offerings.
• Glory Global Solutions: Glory is the global market leader in cash recycling, coin and currency handling, and cash room automation — directly competing with MIMO across retail cash recyclers, banknote counters, and cash management software for the same casino, retail, and hospitality customer base.
• Tidel (Cennox): Tidel, now part of Cennox, manufactures smart safes, cash recyclers, and cash management systems serving retail, convenience, and gaming customers — a direct competitor to MIMO's recycler and Smart Safe product lines with similar enterprise sales motion.
• Cashmaster International: Cashmaster designs and manufactures cash counting and cash management devices for retail and hospitality, directly competing with MIMO's Mach 3 coin sorter and cash counter product lines on accuracy, speed, and integration.
• Hyosung TNS: Hyosung TNS manufactures ATMs, cash recyclers, and branch automation hardware for financial institutions and retail — a direct competitor in cash recycling hardware with deeper banking-channel penetration than MIMO.

Broad incumbents

• Brink's: Brink's is a global leader in cash management, secure logistics, and digital retail solutions, including smart safes and cash automation. It serves the same retail, banking, and casino customers as MIMO but at materially larger scale and with bundled CIT services.
• Loomis: Loomis is a global cash-in-transit and cash management services company offering CIT, smart safe, and cash-handling solutions at scale. It overlaps with MIMO's smart safe and cash management value proposition but adds the armored logistics services that MIMO does not provide.
• NCR Corporation: NCR is a large enterprise technology provider for retail and hospitality with a cash-handling and self-checkout portfolio that overlaps with MIMO's POS-integrated recycler and back-office software offerings, though as part of a much broader technology stack.
• Diebold Nixdorf: Diebold Nixdorf provides banking and retail technology including ATMs, cash recyclers, and POS systems — overlapping with MIMO's recycler and software integration capabilities as part of a broader global hardware/services portfolio targeting similar enterprise customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=m64ZwP8N2-M&t=1s
• LinkedInlinkedin.com/company/mimocash
• Instagraminstagram.com/mimo.puppy?igshid=OGQ5ZDc2ODk2ZA==

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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