April 6, 2014
Azimo, is a global payment processing business providing internet and mobile based inter-country consumer money transfer services. The company has recently raised $10 Mn in Series A Funding led by Greycroft Partners with participation from Frontier Investment Group, TA Ventures, eVentures, RI Digital Ventures and KRW Schindler Investments.
'Sending money to the developing world has historically been an expensive and time-consuming hassle; Azimochanges that,' Kamran Ansari from Greycroft Partners, told Angelnews. He will be joining Azimo’s Board of Directors. 'This service brings advantages in speed, cost, and ease-of-use to international remittances in a way that is unique and significantly more appealing than the offline providers.'
This is a video that shows you what Azimo is all about:
To begin utilizing Azimo’s services:
Azimo enables user to send money via Facebook:
'This financing will enable Azimo to continue to grow our international customer base, and enhance our product offering. As well as building out our Facebook and other social media integrations, we are focused on opening new delivery channels for customers even if they do not have a bank account in the destination country,' CEO of Azimo Michael Kent told Angelnews. 'We’ve pulled together an investor dream team whose skills and experience we can draw on as we continue grow and innovate.
Azimo emerged as one of the winners of the SevenVentures Pitch Day at NOAH conference 2013. The company won a $1.36 Mn advertising budget. On 19th November 2013, Azimo expanded operations to launch its money transfer platform in Ireland and Germany. This increases the number of countries that Azimo operates in, to 192 Countries.