Azimo: Difference between revisions
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| founders = Michael Kent, Marta Krupinska, Ricky Knox, Marek Wawro |
| founders = Michael Kent, Marta Krupinska, Ricky Knox, Marek Wawro |
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| hq_location = |
| hq_location = |
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| hq_location_city = |
| hq_location_city = London |
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| hq_location_country = |
| hq_location_country = United Kingdom |
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| area_served = [[Europe]] (sending); <br />worldwide (receiving) |
| area_served = [[Europe]] (sending); <br />worldwide (receiving) |
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| key_people = Michael Kent (Founder, EC)<br>Richard Ambrose (CEO) |
| key_people = Michael Kent (Founder, EC)<br>Richard Ambrose (CEO) |
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'''Azimo''' is an online [[remittance]] service headquartered in [[ |
'''Azimo''' is an online [[remittance]] service headquartered in [[London]], United Kingdom, with offices in [[Kraków]], [[Poland]] and [[Amsterdam]], [[Netherlands]].<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> |
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==History== |
==History== |
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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|work=The Guardian|access-date=4 May 2016|date=12 April 2013}}</ref> |
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|work=The Guardian|access-date=4 May 2016|date=12 April 2013}}</ref> |
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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><ref>{{cite newspaper|url=https://www.nd.nl/nieuws/nederland/535047/groeiend-aantal-bedrijven-komt-wegens-brexit-naar-nederland|title=Groeiend aantal bedrijven komt wegens brexit naar Nederland|language=nl|newspaper=[[Nederlands Dagblad]]|first=Raoul|last=Du Pré}}</ref> |
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==Operations== |
==Operations== |
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Revision as of 10:17, 1 March 2021
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| Company type | Private company |
|---|---|
| Industry | Financial technology |
| Founded | 2012 |
| Founders | Michael Kent, Marta Krupinska, Ricky Knox, Marek Wawro |
| Headquarters | London , United Kingdom |
Area served | Europe (sending); worldwide (receiving) |
Key people | Michael Kent (Founder, EC) Richard Ambrose (CEO) |
| Services | Money transfer |
| Website | azimo.com |
Azimo is an online remittance service headquartered in London, United Kingdom, with offices in Kraków, Poland and Amsterdam, Netherlands.[1] Its primary competitors include the fintech startups WorldRemit and Remitly.[2]
History
Azimo was founded in October 2012 in London, United Kingdom.[3]
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.[4] In 2016, an updated version of its app was launched with features including in-app chat and biometric security.[5]
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[6] 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.[7][8][9]
References
- ^ "Azimo offers a cheaper way to send money home". The Washington Post. 24 November 2014. Retrieved 4 May 2016.
- ^ "Money Transfer Startups: race against time?". Save on Send. 29 August 2019. Retrieved 10 October 2019.
- ^ Lunn, Emma; Collinson, Patrick (12 April 2013). "10 of the best money-saving apps". The Guardian. Retrieved 4 May 2016.
- ^ Wall, Matthew (23 March 2015). "Money may make the world go round, but at what cost?". BBC News. Retrieved 4 May 2016.
- ^ "Azimo Launches New Version Of Mobile App". Pymnts.com. 20 October 2016. Retrieved 22 December 2020.
- ^ Ahmed, Murad. "Remittances group Azimo raises $20m on valuation of $100m". Financial Times. Retrieved 4 May 2016.
- ^ Kharpal, Arjun (5 May 2016). "Azimo, a remittances start-up, raised $15M from Rakuten to expand into Asia". CNBC. Retrieved 5 May 2016.
- ^ 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.
- ^ Lunden, Ingrid (5 May 2016). "Remittance startup Azimo raises $15M from Viber owner, e-commerce giant Rakuten". TechCrunch. Retrieved 5 May 2016.
