Mimo Flex fees are calculated as a percentage of the payment amount you finance. The rate is set individually, based on your business profile and the chosen term length of the Mimo Flex payment (such as 30, 60, or 90 days).
For example, if your rate is 2% for a 30-day term and you use Mimo Flex to pay a supplier £10,000, the fee will be £200. This ensures that fees are transparent and directly linked to both the size of the payment and the repayment period selected.