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'''Azimo''' is an online [[remittance]] service headquartered in [[Amsterdam]], Netherlands, with offices in [[Kraków]], [[Poland]].<ref>{{cite web|title=Azimo offers a cheaper way to send money home|url=https://www.washingtonpost.com/posttv/business/azimo-offers-a-cheaper-way-to-send-money-home/2014/11/24/59b3f936-73c8-11e4-95a8-fe0b46e8751a_video.html|work=The Washington Post|accessdate=4 May 2016|date=November 24, 2014}}</ref> Its primary competitors include the [[fintech]] startups [[WorldRemit]] and Remitly.<ref>{{cite web|title=Money Transfer Startups: race against time?|url=https://www.saveonsend.com/blog/money-transfer-startups/|work=Save on Send|date=August 29, 2019|access-date=October 10, 2019}}</ref>
'''Azimo''' is an online [[remittance]] service headquartered in [[Amsterdam]], Netherlands, with offices in [[Kraków]], [[Poland]].<ref>{{cite web|title=Azimo offers a cheaper way to send money home|url=https://www.washingtonpost.com/posttv/business/azimo-offers-a-cheaper-way-to-send-money-home/2014/11/24/59b3f936-73c8-11e4-95a8-fe0b46e8751a_video.html|work=The Washington Post|access-date=4 May 2016|date=24 November 2014}}</ref> Its primary competitors include the [[fintech]] startups [[WorldRemit]] and Remitly.<ref>{{cite web|title=Money Transfer Startups: race against time?|url=https://www.saveonsend.com/blog/money-transfer-startups/|work=Save on Send|date=29 August 2019|access-date=10 October 2019}}</ref>


==History==
==History==
Azimo was founded in October 2012 in London, United Kingdom.<ref>{{cite web|author1=Lunn, Emma|author2=Collinson, Patrick|title=10 of the best money-saving apps|url=https://www.theguardian.com/money/2013/apr/12/10-best-money-saving-apps|publisher=The Guardian|accessdate=4 May 2016|date=April 12, 2013}}</ref> Its co-founders were Michael Kent, Marta Krupinska, Ricky Knox, and Marek Wawro. CEO Michael Kent had also founded the Small World Financial Services Group in 2005, which is now a major European money transfer provider.
Azimo was founded in October 2012 in London, United Kingdom.<ref>{{cite web|author1=Lunn, Emma|author2=Collinson, Patrick|title=10 of the best money-saving apps|url=https://www.theguardian.com/money/2013/apr/12/10-best-money-saving-apps|publisher=The Guardian|access-date=4 May 2016|date=12 April 2013}}</ref> Its co-founders were Michael Kent, Marta Krupinska, Ricky Knox, and Marek Wawro. CEO Michael Kent had also founded the Small World Financial Services Group in 2005, which is now a major European money transfer provider.


Azimo moved to the Netherlands due to the Brexit.<ref>{{cite newspaper|title=Europese investeringsbank steunt uitgeweken Brits bedrijf Azimo|newspaper=[[Het Financieele Dagblad]]|language=nl|first=Rutger|last=Betlem|date=4 February 2020|access-date=2 February 2021|url=https://fd.nl/beurs/1333321/europese-investeringsbank-steunt-uitgeweken-brits-bedrijf-azimo}}</ref>
Azimo moved to the Netherlands due to the Brexit.<ref>{{cite newspaper|title=Europese investeringsbank steunt uitgeweken Brits bedrijf Azimo|newspaper=[[Het Financieele Dagblad]]|language=nl|first=Rutger|last=Betlem|date=4 February 2020|access-date=2 February 2021|url=https://fd.nl/beurs/1333321/europese-investeringsbank-steunt-uitgeweken-brits-bedrijf-azimo}}</ref>


==Operations==
==Operations==
Azimo offers money transfers to 190 receiving countries in over 80 different currencies. The company has half a million customers connected to its platform and offers more than 270,000 cash pick-up locations globally.<ref>{{cite web|last1=Wall|first1=Matthew|title=Money may make the world go round, but at what cost?|url=https://www.bbc.co.uk/news/business-31639262|publisher=BBC News|accessdate=4 May 2016|date=March 23, 2015}}</ref> In 2016, an updated version of its app was launched with features including in-app chat and biometric security.<ref>{{Cite web|last=PYMNTS|date=2016-10-20|title=Azimo Launches New Version Of Mobile App|url=https://www.pymnts.com/mobile-applications/2016/azimo-launched-new-mobile-app/|access-date=2020-12-22|website=www.pymnts.com|language=en-US}}</ref>
Azimo offers money transfers to 190 receiving countries in over 80 different currencies. The company has half a million customers connected to its platform and offers more than 270,000 cash pick-up locations globally.<ref>{{cite web|last1=Wall|first1=Matthew|title=Money may make the world go round, but at what cost?|url=https://www.bbc.co.uk/news/business-31639262|publisher=BBC News|access-date=4 May 2016|date=23 March 2015}}</ref> In 2016, an updated version of its app was launched with features including in-app chat and biometric security.<ref>{{Cite web|date=20 October 2016|title=Azimo Launches New Version Of Mobile App|url=https://www.pymnts.com/mobile-applications/2016/azimo-launched-new-mobile-app/|access-date=22 December 2020|website=Pymnts.com|language=en-US}}</ref>


As of October 2019, sending countries are limited to [[Europe]].
As of October 2019, sending countries are limited to [[Europe]].


== Funding ==
== Funding ==
As of early 2016, Azimo had raised $31 million in Series A and B funding<ref>{{cite web|last1=Ahmed|first1=Murad|title=Remittances group Azimo raises $20m on valuation of $100m|url=http://www.ft.com/cms/s/1c34f6b6-0f75-11e5-b968-00144feabdc0,Authorised=false.html?siteedition=uk&_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F1c34f6b6-0f75-11e5-b968-00144feabdc0.html%3Fsiteedition%3Duk&_i_referer=&classification=conditional_standard&iab=barrier-app#axzz43pcp7zWX|publisher=Financial Times|accessdate=4 May 2016}}</ref> from investors including Frog Capital, Greycroft, MCI.TechVentures, [[e.ventures]] and Quona Capital. In May 2016, Japanese e-commerce company Rakuten invested in Azimo to accelerate the company's expansion into Asia.<ref>{{cite web|last1=Kharpal|first1=Arjun|title=Azimo, a remittances start-up, raised $15M from Rakuten to expand into Asia|url=https://www.cnbc.com/2016/05/05/azimo-a-remittances-start-up-raised-15m-from-rakuten-to-expand-into-asia.html|publisher=CNBC|accessdate=5 May 2016|date=5 May 2016}}</ref><ref>{{cite web|last1=Williams-Grut|first1=Oscar|title=International money transfer app Azimo raises $15 million from Japan's Rakuten to crack Asia|url=http://uk.businessinsider.com/azimo-raises-japan-rakuten-asia-2016-5|publisher=Business Insider UK|accessdate=5 May 2016|date=5 May 2016}}</ref><ref>{{cite web|last1=Lunden|first1=Ingrid|title=Remittance startup Azimo raises $15M from Viber owner, e-commerce giant Rakuten|url=https://techcrunch.com/2016/05/05/azimo-rakuten/|publisher=TechCrunch|accessdate=5 May 2016|date=5 May 2016}}</ref>
As of early 2016, Azimo had raised $31 million in Series A and B funding<ref>{{cite web|last1=Ahmed|first1=Murad|title=Remittances group Azimo raises $20m on valuation of $100m|url=http://www.ft.com/cms/s/1c34f6b6-0f75-11e5-b968-00144feabdc0,Authorised=false.html?siteedition=uk&_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F1c34f6b6-0f75-11e5-b968-00144feabdc0.html%3Fsiteedition%3Duk&_i_referer=&classification=conditional_standard&iab=barrier-app#axzz43pcp7zWX|publisher=Financial Times|access-date=4 May 2016}}</ref> from investors including Frog Capital, Greycroft, MCI.TechVentures, [[e.ventures]] and Quona Capital. In May 2016, Japanese e-commerce company Rakuten invested in Azimo to accelerate the company's expansion into Asia.<ref>{{cite web|last1=Kharpal|first1=Arjun|title=Azimo, a remittances start-up, raised $15M from Rakuten to expand into Asia|url=https://www.cnbc.com/2016/05/05/azimo-a-remittances-start-up-raised-15m-from-rakuten-to-expand-into-asia.html|publisher=CNBC|access-date=5 May 2016|date=5 May 2016}}</ref><ref>{{cite web|last1=Williams-Grut|first1=Oscar|title=International money transfer app Azimo raises $15 million from Japan's Rakuten to crack Asia|url=http://uk.businessinsider.com/azimo-raises-japan-rakuten-asia-2016-5|publisher=Business Insider UK|access-date=5 May 2016|date=5 May 2016}}</ref><ref>{{cite web|last1=Lunden|first1=Ingrid|title=Remittance startup Azimo raises $15M from Viber owner, e-commerce giant Rakuten|url=https://techcrunch.com/2016/05/05/azimo-rakuten/|publisher=TechCrunch|access-date=5 May 2016|date=5 May 2016}}</ref>


==References==
==References==

Revision as of 10:49, 3 February 2021

Azimo
Company typePrivate company
IndustryFinancial technology
Founded2012
FoundersMichael Kent, Marta Krupinska, Ricky Knox, Marek Wawro
Headquarters
Amsterdam
,
Netherlands
Area served
Europe (sending);
worldwide (receiving)
Key people
Michael Kent (Founder, EC)
Richard Ambrose (CEO)
ServicesMoney transfer
Websiteazimo.com

Azimo is an online remittance service headquartered in Amsterdam, Netherlands, with offices in Kraków, Poland.[1] Its primary competitors include the fintech startups WorldRemit and Remitly.[2]

History

Azimo was founded in October 2012 in London, United Kingdom.[3] Its co-founders were Michael Kent, Marta Krupinska, Ricky Knox, and Marek Wawro. CEO Michael Kent had also founded the Small World Financial Services Group in 2005, which is now a major European money transfer provider.

Azimo moved to the Netherlands due to the Brexit.[4]

Operations

Azimo offers money transfers to 190 receiving countries in over 80 different currencies. The company has half a million customers connected to its platform and offers more than 270,000 cash pick-up locations globally.[5] In 2016, an updated version of its app was launched with features including in-app chat and biometric security.[6]

As of October 2019, sending countries are limited to Europe.

Funding

As of early 2016, Azimo had raised $31 million in Series A and B funding[7] from investors including Frog Capital, Greycroft, MCI.TechVentures, e.ventures and Quona Capital. In May 2016, Japanese e-commerce company Rakuten invested in Azimo to accelerate the company's expansion into Asia.[8][9][10]

References

  1. ^ "Azimo offers a cheaper way to send money home". The Washington Post. 24 November 2014. Retrieved 4 May 2016.
  2. ^ "Money Transfer Startups: race against time?". Save on Send. 29 August 2019. Retrieved 10 October 2019.
  3. ^ Lunn, Emma; Collinson, Patrick (12 April 2013). "10 of the best money-saving apps". The Guardian. Retrieved 4 May 2016.
  4. ^ Betlem, Rutger (4 February 2020). "Europese investeringsbank steunt uitgeweken Brits bedrijf Azimo". Het Financieele Dagblad (in Dutch). Retrieved 2 February 2021.
  5. ^ Wall, Matthew (23 March 2015). "Money may make the world go round, but at what cost?". BBC News. Retrieved 4 May 2016.
  6. ^ "Azimo Launches New Version Of Mobile App". Pymnts.com. 20 October 2016. Retrieved 22 December 2020.
  7. ^ Ahmed, Murad. "Remittances group Azimo raises $20m on valuation of $100m". Financial Times. Retrieved 4 May 2016.
  8. ^ Kharpal, Arjun (5 May 2016). "Azimo, a remittances start-up, raised $15M from Rakuten to expand into Asia". CNBC. Retrieved 5 May 2016.
  9. ^ Williams-Grut, Oscar (5 May 2016). "International money transfer app Azimo raises $15 million from Japan's Rakuten to crack Asia". Business Insider UK. Retrieved 5 May 2016.
  10. ^ Lunden, Ingrid (5 May 2016). "Remittance startup Azimo raises $15M from Viber owner, e-commerce giant Rakuten". TechCrunch. Retrieved 5 May 2016.
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