Azimo: Difference between revisions
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'''Azimo B.V.''' was an online [[remittance]] service headquartered in [[Amsterdam]], Netherlands. It also had offices in [[Kraków]], [[Poland]].<ref>{{cite news|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|newspaper=The Washington Post|access-date=4 May 2016|date=24 November 2014}}</ref> |
'''Azimo B.V.''' was an online [[remittance]] service headquartered in [[Amsterdam]], Netherlands. It also had offices in [[Kraków]], [[Poland]].<ref>{{cite news|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|newspaper=The Washington Post|access-date=4 May 2016|date=24 November 2014}}</ref> |
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Azimo offered money transfers to 190 receiving countries in over 80 different currencies. The company had half a million customers connected to its platform and offered 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 were limited to [[Europe]]. |
Azimo offered money transfers to 190 receiving countries in over 80 different currencies. The company had half a million customers connected to its platform and offered 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 were limited to [[Europe]]. |
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In March 2022, Azimo was acquired by the [[New York City|New York]]-based payroll and payments solutions provider, Papaya Global.<ref>{{Cite web |last=April 2022 |first=4th |date=2022-04-04 |title=Money transfer app Azimo acquired by Papaya Global |url=https://www.fintechfutures.com/2022/04/money-transfer-app-azimo-acquired-by-payroll-and-payments-firm-papaya-global/ |access-date=2022-04-05 |website=FinTech Futures |language=en-GB}}</ref> and closed their money transfer services |
In March 2022, Azimo was acquired by the [[New York City|New York]]-based payroll and payments solutions provider, Papaya Global.<ref>{{Cite web |last=April 2022 |first=4th |date=2022-04-04 |title=Money transfer app Azimo acquired by Papaya Global |url=https://www.fintechfutures.com/2022/04/money-transfer-app-azimo-acquired-by-payroll-and-payments-firm-papaya-global/ |access-date=2022-04-05 |website=FinTech Futures |language=en-GB}}</ref> and closed their money transfer services in August 2022. |
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==History== |
==History== |
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In 2020, Azimo moved to the Netherlands as a result of [[Brexit]].<ref>{{cite news|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 news|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> |
In 2020, Azimo moved to the Netherlands as a result of [[Brexit]].<ref>{{cite news|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 news|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 21:19, 24 September 2022
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| Company type | Private company |
|---|---|
| Industry | Financial technology |
| Founded | 2012 |
| Founders | Michael 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) |
| Services | Money transfer |
| Website | azimo.com |
Azimo B.V. was an online remittance service headquartered in Amsterdam, Netherlands. It also had offices in Kraków, Poland.[1]
Azimo offered money transfers to 190 receiving countries in over 80 different currencies. The company had half a million customers connected to its platform and offered more than 270,000 cash pick-up locations globally.[2] As of October 2019, sending countries were limited to Europe.
In March 2022, Azimo was acquired by the New York-based payroll and payments solutions provider, Papaya Global.[3] and closed their money transfer services in August 2022.
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]
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]
In 2020, Azimo moved to the Netherlands as a result of Brexit.[10][11]
Operations
Azimo offered money transfers to 190 receiving countries in over 80 different currencies. The company had half a million customers connected to its platform and offers more than 270,000 cash pick-up locations globally.[12] In 2016, an updated version of its app was launched with features including in-app chat and biometric security.
As of October 2019, sending countries were limited to Europe that are primarily in the EU. The list of sending countries is:
References
- ^ "Azimo offers a cheaper way to send money home". The Washington Post. 24 November 2014. 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.
- ^ April 2022, 4th (2022-04-04). "Money transfer app Azimo acquired by Papaya Global". FinTech Futures. Retrieved 2022-04-05.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Lunn, Emma; Collinson, Patrick (12 April 2013). "10 of the best money-saving apps". The Guardian. 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.
- ^ Betlem, Rutger (4 February 2020). "Europese investeringsbank steunt uitgeweken Brits bedrijf Azimo". Het Financieele Dagblad (in Dutch). Retrieved 2 February 2021.
- ^ Du Pré, Raoul. "Groeiend aantal bedrijven komt wegens brexit naar Nederland". Nederlands Dagblad (in Dutch).
- ^ Wall, Matthew (March 23, 2015). "Money may make the world go round, but at what cost?". BBC News. Retrieved 4 May 2016.
