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'''Azimo''' is an online [[remittance]] service headquartered in [[Amsterdam]], Netherlands, with offices also 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>
'''Azimo''' is an online [[remittance]] service headquartered in [[Amsterdam]], Netherlands, with offices also 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>

⚫
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|work=BBC News|access-date=4 May 2016|date=23 March 2015}}</ref> As of October 2019, sending countries are limited to [[Europe]].


==History==
==History==
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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>
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>

==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|work=BBC News|access-date=4 May 2016|date=23 March 2015}}</ref>

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


== Funding ==
== Funding ==

Revision as of 14:04, 12 March 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 also in Kraków, Poland.[1] Its primary competitors include the fintech startups WorldRemit and Remitly.[2]

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

History

Azimo was founded in October 2012 in London, United Kingdom.[4] In 2016, an updated version of its app was launched with features including in-app chat and biometric security.[5]

Azimo moved to the Netherlands due to the Brexit.[6][7]

Funding

As of early 2016, Azimo had raised $31 million in Series A and B funding[8] 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.[9][10][11]

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. ^ Wall, Matthew (23 March 2015). "Money may make the world go round, but at what cost?". BBC News. Retrieved 4 May 2016.
  4. ^ Lunn, Emma; Collinson, Patrick (12 April 2013). "10 of the best money-saving apps". The Guardian. Retrieved 4 May 2016.
  5. ^ "Azimo Launches New Version Of Mobile App". Pymnts.com. 20 October 2016. Retrieved 22 December 2020.
  6. ^ Betlem, Rutger (4 February 2020). "Europese investeringsbank steunt uitgeweken Brits bedrijf Azimo". Het Financieele Dagblad (in Dutch). Retrieved 2 February 2021.
  7. ^ Du Pré, Raoul. "Groeiend aantal bedrijven komt wegens brexit naar Nederland". Nederlands Dagblad (in Dutch).
  8. ^ Ahmed, Murad. "Remittances group Azimo raises $20m on valuation of $100m". Financial Times. Retrieved 4 May 2016.
  9. ^ Kharpal, Arjun (5 May 2016). "Azimo, a remittances start-up, raised $15M from Rakuten to expand into Asia". CNBC. Retrieved 5 May 2016.
  10. ^ 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.
  11. ^ 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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