OverviewSuggest Edit

Rimilia excels in the design, development, and implementation of cash allocation software solutions and technologies. The Company is changing the way organisations use solutions in the finance process. With an emphasis on intelligence, its solutions remove the repetitive nature of many finance processes and provide predictive analysis to enable unrivaled levels of automatch decisions without the need for human intervention. 

TypePrivate
Founded2008
HQLos Angeles, CA, US
Websiterimilia.com

Latest Updates

Employees (est.) (Jul 2021)43(-10%)
Revenue (FY, 2019)£6.2 M(+36%)
Cybersecurity ratingCMore

Key People/Management at Rimilia

Chris McGibbon

Chris McGibbon

Managing Director
Steve Richardson

Steve Richardson

Commercial Director
Andy Lilley

Andy Lilley

Chief Product Officer
Steve Dunn-Massey

Steve Dunn-Massey

Chief Financial Officer
Jamie Cunningham

Jamie Cunningham

Technical Director
Tamsyn Attiwell

Tamsyn Attiwell

Chief Customer Officer
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Rimilia Office Locations

Rimilia has offices in Los Angeles, Denver, Toronto, Stoke Prior and in 1 other location
Los Angeles, CA, US (HQ)
21300 Victory Blvd 12th floor, Woodland Hills
Denver, CO, US
1615 Platte St
Toronto, CA
100 University Ave
Stoke Prior, GB
Corbett house Westonhall Rd
Winnersh, GB
220 Wharfedale Rd
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Rimilia Financials and Metrics

Summary Metrics

Founding Date

2008

Rimilia total Funding

$40 m

Rimilia latest funding size

$15 m

Time since last funding

2 years ago

Rimilia investors

Rimilia's latest funding round in February 2020 was reported to be $15 m. In total, Rimilia has raised $40 m
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Rimilia Revenue

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Rimilia's revenue was reported to be £6.18 m in FY, 2019
GBP

Revenue (FY, 2019)

6.2m

Gross profit (FY, 2019)

5.2m

Gross profit margin (FY, 2019), %

84.1%

Net income (FY, 2019)

(6.3m)

EBIT (FY, 2019)

(5.7m)

Cash (31-Jul-2019)

6.9m
GBPFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

2.6m3.9m4.6m6.2m

Cost of goods sold

729.3k551.3k853.0k982.5k

Gross profit

1.9m3.4m3.7m5.2m

Gross profit Margin, %

72%86%81%84%
GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

14.6k37.9k191.6k335.6k241.3k512.1k4.8m4.9m6.9m

Accounts Receivable

20.7k165.8k177.9k483.7k424.8k852.6k936.7k1.0m1.8m

Current Assets

35.3k203.8k369.5k819.3k666.1k1.5m6.2m7.1m10.2m
GBPFY, 2016FY, 2017FY, 2018FY, 2019

Cash From Operating Activities

896.5k55.2k(3.5m)(3.3m)

Cash From Investing Activities

(402.4k)(54.6k)(101.7k)(88.5k)

Cash From Financing Activities

(392.5k)4.3m3.7m5.3m

Net Change in Cash

101.6k4.3m92.1k2.0m
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Rimilia Operating Metrics

Y, 2019

Customer Transactions

12 m
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Rimilia Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Rimilia Online and Social Media Presence

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Rimilia News and Updates

BlackLine acquires European AR software provider Rimilia

This buy adds a significant new offering area to BlackLine’s portfolio, which till now has focused on financial close automation.

BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform

Accounting automation software provider BlackLine has acquired AI-powered accounts receivable outfit Rimilia for $150 million in cash.

Rimilia names chairman, CTO and chief product officer

Rimilia, the leading SaaS-based fintech company, today announced it’s continuing to accelerate its g...

UK startup Rimilia raises $15 million to expand its “CRM for finance teams” across Europe and North America

UK fintech startup Rimilia has raised $15 million in funding, with participation from Eight Roads Ventures, Kennet Partners and Silicon Valley Bank, to fuel expansion across Europe and North America. Rimilia has developed a SaaS platform for finance folk, tools that automate cash and credit manageme…

Rimilia scores $15 million in growth funding

Rimilia, the leading SaaS-based fintech company, today announced it has secured $15 million in growt...

Rimilia opens Toronto AI hub

Rimilia, a global leader in financial relationship management solutions that transform how businesse...
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Rimilia Blogs

Why resilience and automation are AR’s perfect match

With COVID’s second wave now in full swing, accounts receivable teams are bracing themselves for another round of disruption. Many weren’t finished dealing with first wave’s fallout. Now with more upset on the horizon, they need to think about strengthening resilience with tools and processes that s…

Getting rid of the roadblocks that reduce working capital

Everywhere you look these days, business is beset by risk. From worries about borrowing to economic uncertainty and customers who change their purchasing behavior almost overnight, it all adds up to a general loss of predictability. You can blame COVID, but don’t forget: disruption was a fact of bus…

For shared services, demonstrating stakeholder value is the new goal

I spoke with an SSC customer recently who had taken on additional work under new leadership. Reducing costs wasn’t the focus anymore; they told me. Instead, they were looking at how to become more effective. It’s a story we hear more and more often. Shared Services Centres (SSCs) have come a long wa…

Ending the digital disconnect between home and office

Would you give up on digital and go back to doing things by hand? Smartphones, video calling, the Cloud, and social media haven’t been around that long, but they’re so tightly woven into our lives that it’s hard to remember the days when ‘tech’ meant the latest Nokia handset and a great big desktop …

As adversity gives way to opportunity, Shared Services need to get fighting fit

Some crises make you stronger. Others reveal your weaknesses. For Shared Service Centers (SSCs), the ongoing aftermath of COVID-19 has been a mix of both. When coronavirus struck, most organizations found themselves adapting business continuity plans on the fly. Even as the ground shifted under thei…

Automation is to time what Interest is to money…

I came across this phrase listening to a Ted Talk recently and it really got me thinking about how we treat time. Are we really being smart or just using new technology to do what we have always done but in a digital format? The only constant is time. Time has not changed. It carries […] The post Au…
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Rimilia Frequently Asked Questions

  • When was Rimilia founded?

    Rimilia was founded in 2008.

  • Who are Rimilia key executives?

    Rimilia's key executives are Chris McGibbon, Steve Richardson and Andy Lilley.

  • How many employees does Rimilia have?

    Rimilia has 43 employees.

  • What is Rimilia revenue?

    Latest Rimilia annual revenue is £6.2 m.

  • What is Rimilia revenue per employee?

    Latest Rimilia revenue per employee is £143.7 k.

  • Who are Rimilia competitors?

    Competitors of Rimilia include Innovation Software, Supervizor and Vic.ai.

  • Where is Rimilia headquarters?

    Rimilia headquarters is located at 21300 Victory Blvd 12th floor, Woodland Hills, Los Angeles.

  • Where are Rimilia offices?

    Rimilia has offices in Los Angeles, Denver, Toronto, Stoke Prior and in 1 other location.

  • How many offices does Rimilia have?

    Rimilia has 5 offices.