Swedish paytech start-up Mimo has raised $8.5 million in equity investment and announced a strategic embedded funding partnership with Froda. The investment will support Mimo’s expansion in digital lending and payment solutions.
Mimo, a Sweden-based financial technology start-up, has secured an $8.5 million equity investment to accelerate its growth in the paytech sector. The company, known for its innovative embedded payment solutions, also announced a strategic partnership with Froda, a Swedish fintech firm specializing in small business lending.
The investment round, led by prominent venture capital firms, will enable Mimo to scale its platform and expand its market presence. The company focuses on providing businesses with seamless embedded financial solutions, enhancing access to credit and improving payment processes.
Froda’s collaboration with Mimo aims to integrate embedded funding solutions directly into payment platforms, simplifying financing options for businesses. This partnership reflects a broader trend in the fintech industry, where embedded finance is becoming a key driver of innovation.
Mimo’s latest funding round comes amid rising demand for flexible and accessible financial solutions in Sweden and across Europe. The company plans to leverage the investment to enhance its technology infrastructure, expand its customer base, and explore new market opportunities.
