Azimo

remittancesmobile/online remittancebusinessconsumer

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

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About

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

BASICS

FOUNDING YEAR:

2012

LOCATION:

United Kingdom

Views:

420 VISITORS | 740 VIEWS
LATEST FUNDING ROUND

$66 M

TOTAL EMPLOYEES
51-200

About

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

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Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

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