Azimo

remittances | mobile/online remittance | business | consumer

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352 VISITORS | 630 VIEWS

FOUNDING YEAR: 2012

LOCATION:

United Kingdom

REGION:

Last Update:
18 Oct, 2019

Description

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:

Viewable by subscribers only

MAIN CLIENTS:

Consumers

EXISTING PARTNERSHIPS:

Financial Conduct Authority, HM Revenue and Customs, Information Commissioners Office, AUKPI and IAMTN

PEOPLE

FOUNDERS:

Michael Kent

Board Members and Advisors:

Kamran Ansari J.D., Monica Brand, Andreas Haug

NUMBER OF EMPLOYEES:

51-200

INVESTORS:

Frog Capital, Greycroft Partners, eVentures, Accion Frontier, Anthemis Group, Beacon Capital, e.ventures, Frog Capital, Greycroft Partners, Jeremy Yap, Kevin Chong, KRW Schindler Private Ventures, Matt Cooper, MCI Capital SA, Rakuten, RI Digital Ventures, TA Ventures, CapitalOne

TRACTION

VALUATION / MARKET CAP:

$100 MM in 2015

REVENUE:

$10M+ in 2017

REVENUE COMMENT:

Viewable by subscribers only

TRANSACTIONS VALUE:

$200 K

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$51.5 Millions

DATE OF LAST FUNDING:

May 2018

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:

$1.5 Millions

SEED CLOSED ON:

Sep 2013

FUNDING SERIES:

SERIES A

$10 Million Closed: Mar 2014

SERIES B

$20 Millions Closed: Jun 2015

SERIES C

$20 Millions Closed: May 2018

LISTED:

LATEST RESEARCH

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