Azimo

remittancesmobile/online remittancebusinessconsumer

FOUNDING YEAR: 2012
LOCATION: United Kingdom
Last Update: 17/07/2020

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About

Azimos vision is to use technology to democratise financial services, making them affordable and available to all. Our customers are as diverse as the nations that we send money to. From Nigerian cab drivers in London to Polish business owners in Berlin, we offer people a fair and inexpensive way to move money from 25 European nations to more than 200 countries and territories around the world. Azimo Business, our service for business owners and entrepreneurs, provides a cheaper, faster way to buy goods and services, pay staff and invest overseas. Azimo is a great place to work. We try to create an atmosphere that is friendly, open and honest in our offices in London and Krakw. Teams are small (we employ around 130 people in total) and have a large degree of freedom to choose which customer problems to solve and why. If you care about our vision and like the sound of what we have to offer, take a look at our job openings.

MEDICI Analysis

Azimo is a global payment processing business providing internet and mobile-based inter-country consumer money transfer services.

Focus

PRODUCTS & SERVICES

The company provides international remittance service and provides the freedom to the user to send money in the manner that they want, the company provides option of Cash pickup, Home Delivery, Mobile Top-up, Mobile Wallet, Swift transfer and Direct bank transfer

REVENUE MODEL

The company charges per trasaction fees. The fees varies depending on the country where the money is to be send

MAIN CLIENTS

Consumers

EXISTING PARTNERSHIPS

Financial Conduct Authority

HM Revenue and Customs

Information Commissioners Office

AUKPI and IAMTN

Traction

VALUATION / MARKET CAP:

$100 M in 2015

REVENUE

$10M+ in 2017

REVENUE COMMENT:

The company had a revenue of $14Million+ in 2017

TRANSACTIONS VALUE:

$200 K

People

BOARD MEMBERS AND ADVISORS

Kamran Ansari J.D.

Monica Brand

Andreas Haug

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Accion Frontier

Anthemis Group

Beacon Capital

CapitalOne

e.ventures

eVentures

Frog Capital

Greycroft

Greycroft Partners

Jeremy Yap

Kevin Chong

KRW Schindler Private Ventures

Matt Cooper

MCI Capital SA

Quona Capital

Rakuten

RI Digital Ventures

TA Ventures

KEY EMPLOYEES:

Marek Wawro

Momentum

FUNDED

YES

TOTAL FUNDING

$66 M

DATE OF LAST FUNDING

Feb 2020

TOTAL FUNDING COMMENT

The company is planning to use the fund to make its service even better and to sustain the rapid growth in its customer base. (May 2018)

SEED & PRIOR FUNDING

$1 M

SEED CLOSED ON

Sep 2013

FUNDING SERIES

SERIES A  · $10 M  · Mar 2014

SERIES B  · $20 M  · Jun 2015

SERIES C  · $20 M  · May 2018

OTHERS  · $15 M · May 2016

DEBT FUNDING

$22.09 M

LISTED

NO

Innovation Programs

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