Fintech Startup Mika Raises €6M in Seed Funding Round

Wecken & Cie. also participated, along with several angel investors. Existing investors Keen Venture Partners and Dutch Founders Fund also increased their investments in the company.

The company will use the funding to grow its business and further develop its platform.

Germany has nearly one million small incorporated businesses, many of which are GmbHs and UGs. These companies must manage their accounts and file taxes, but the process can be complex, so many rely on tax advisers.

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The technology processes receipts and payments, categorises transactions, and records them automatically. It also explains each entry to users, making accounting easier to manage.

At the start of the year, around 400 GmbHs and UGs were using mika. That number has now grown to more than 750. The company first focused on digital businesses such as agencies and consultancies and has since expanded to SaaS, real estate, e-commerce, retail, and skilled trades.

The moment you start a GmbH in Germany, you're told you need a tax adviser. It goes so far that some founders think it's a legal requirement. To me, it's obvious that this cannot be how it works. At mika, we use AI to tear down that barrier, so that your bank balance or the family you were born into no longer decides who gets to start a company, " said Agnieszka Walorska, founder and CEO of mika.

About Mika

Founded in 2023 by Agnieszka Walorska, Lukas Linnekuhle, and Henry Müssemann, Mika is building an AI-powered financial platform for SMEs that handles bookkeeping, VAT returns, annual accounts, and tax filings. Its platform is built around an AI-based accounting system designed for German businesses.

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