In a groundbreaking move for the tech startup scene, Berlin-based mika has successfully raised €800k in pre-seed funding to bolster its mission of simplifying accounting and tax obligations for small and medium enterprises (SMEs). Led by the strategic alliance Samen Slimmer, comprising Keen Venture Partners, DFF, and Slimmer AI, this investment marks a pivotal moment for mika as it scales its generative AI capabilities to automate financial tasks that traditionally burden businesses with bureaucratic complexities.
Founded by Agnieszka M. Walorska, mika harnesses the power of artificial intelligence to offer SMEs a transformative solution to their accounting needs. With a vision to empower businesses across Europe, mika’s technology not only streamlines tax filings and financial advice but also aims to alleviate the administrative overload that plagues many entrepreneurs. The startup’s inception was bolstered by early backers Christian Gaiser, Alexander Lorenz, and Fabian Wittleben, whose support proved instrumental in the company’s foundational stages.
mika’s participation in Earlybird Venture Capital’s Vision Lab, tailored for founders in Germany with migrant backgrounds, underscores its commitment to diversity and innovation within the startup ecosystem. Recognizing the pervasive challenges faced by small businesses, mika stands poised to extend its services beyond Germany, addressing similar bureaucratic hurdles across neighboring European countries. This expansion aligns with findings from the Global Entrepreneurship Monitor, highlighting a widespread need for simplified financial management tools among SMEs across Europe.
Agnieszka M. Walorska, CEO and Founder of mika, expressed her personal motivation behind the venture, emphasizing the transformative impact of AI-driven financial solutions: “Having experienced firsthand the complexities of running a business without a robust support network, I founded mika to redefine how SMEs approach financial management. Our goal is to empower entrepreneurs with a virtual CFO that handles intricate financial tasks, allowing them to focus on driving their businesses forward.”
mika’s Potential: mika’s innovative approach not only addresses a critical pain point for SMEs but also taps into a burgeoning market for AI-driven solutions in financial services. With a visionary leadership team and strategic backing from industry leaders, mika is poised to reshape the landscape of business finance, offering scalable solutions that democratize access to sophisticated financial tools. As the company expands its footprint across Europe, its commitment to innovation and efficiency positions mika at the forefront of transformative change within the fintech sector.
