About Rimilia
Rimilia is a company based in Bromsgrove (United Kingdom) founded in 2008 was acquired by BlackLine in October 2020.. Rimilia has raised $40 million across 2 funding rounds from investors including BlackLine, SVB and Kennet Partners. The company has 98 employees as of December 31, 2021. Rimilia offers products and services including Cash Application, Financial Close, and Intercompany Consolidation. Rimilia operates in a competitive market with competitors including AvidXchange, Billtrust, Paymentus, SumUp and Vyapar, among others.
- Headquarter Bromsgrove, United Kingdom
- Employees 98 as on 31 Dec, 2021
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rimilia Holdings Ltd
- Date of Incorporation 04 Jun, 2008
- Jurisdiction BIRMINGHAM, UNITED KINGDOM
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Annual Revenue
$22.19 M (USD)129as on Dec 31, 2019
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Net Profit
$-9.3 M (USD)-2as on Dec 31, 2019
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EBITDA
$-9.3 M (USD)-2as on Dec 31, 2019
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Total Equity Funding
$40 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series B
Feb 03, 2020
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Investors
BlackLine
& 3 more
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Employee Count
98
as on Dec 31, 2021
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Acquired by
BlackLine
(Oct 02, 2020)
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Products & Services of Rimilia
Rimilia offers a comprehensive portfolio of products and services, including Cash Application, Financial Close, and Intercompany Consolidation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates applying customer payments to invoices using AI.
Manages end-of-period financial closing processes efficiently.
Handles consolidation of intercompany transactions and reporting.
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Leadership Team
93 people
Sales and Marketing
74 people
Software Development Team
54 people
Finance and Accounting
29 people
Senior Team
28 people
Human Resources and Administration
19 people
Operations Team
16 people
Legal and Compliance
11 people
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Funding Insights of Rimilia
Rimilia has successfully raised a total of $40M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in February 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $15.0M
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First Round
First Round
(24 Jul 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Series B - Rimilia | Valuation | Eight Roads Ventures , Kennet Partners |
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| Jul, 2017 | Amount | Series B - Rimilia | Valuation | Kennet Partners , Eight Roads Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rimilia
Rimilia has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include BlackLine, SVB and Kennet Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investment and global platform support for startups.
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Founded Year | Domain | Location | |
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Tech and offline focused VC firm investing primarily in the US and Europe
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Founded Year | Domain | Location | |
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Banking services are provided to innovative companies, investors, and individuals.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rimilia
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rimilia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rimilia Comparisons
Competitors of Rimilia
Rimilia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AvidXchange, Billtrust, Paymentus, SumUp and Vyapar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Accounts payable and payment automation solutions are offered for businesses.
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| domain | founded_year | HQ Location |
Invoice and payment management solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Comprehensive billing and payment solution provider
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| domain | founded_year | HQ Location |
Provider of mPOS solution and card reader for offline retailers
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| domain | founded_year | HQ Location |
Cloud-based invoicing and inventory tools for small businesses are provided.
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| domain | founded_year | HQ Location |
Payment processing for bitcoin, e-checks, and credit cards is facilitated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rimilia
Frequently Asked Questions about Rimilia
When was Rimilia founded?
Rimilia was founded in 2008 and raised its 1st funding round 9 years after it was founded.
Where is Rimilia located?
Rimilia is headquartered in Bromsgrove, United Kingdom. It is registered at Bromsgrove, Worcestershire, United Kingdom.
Is Rimilia a funded company?
Rimilia is a funded company, having raised a total of $40M across 2 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Jul 24, 2017.
How many employees does Rimilia have?
As of Dec 31, 2021, the latest employee count at Rimilia is 98.
What is the annual revenue of Rimilia?
Annual revenue of Rimilia is $22.19M as on Dec 31, 2019.
What does Rimilia do?
Rimilia was established in 2008 in Bromsgrove, United Kingdom. Cloud-based software known as Alloc8 is offered for accounts receivable management, with robotic process automation integrated throughout. Key functions handled include cash allocation and application, credit control and collections, cash forecasting, bank reconciliation, and intelligence analytics. The company operates within the financial technology sector, serving businesses in receivables processing.
Who are the top competitors of Rimilia?
Rimilia's top competitors include SumUp, AvidXchange and Paymentus.
What products or services does Rimilia offer?
Rimilia offers Cash Application, Financial Close, and Intercompany Consolidation.
Who are Rimilia's investors?
Rimilia has 4 investors. Key investors include BlackLine, SVB, Kennet Partners, and Eight Roads Ventures.
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