Azimo

Azimo

Remittances | Mobile/Online Remittance | Business | Consumer
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  • FOUNDING YEAR: 2012
    LOCATION:
    United Kingdom
    REGION:
    Last Update:
    27 Jun, 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
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:
NO

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