About Azimo
Azimo is a company based in London (United Kingdom) founded in 2012 was acquired by Papaya Global in March 2022. Azimo has raised $68.82 million across 8 funding rounds from investors including SVB, Papaya Global and Accion. The company has 164 employees as of June 30, 2020. Azimo operates in a competitive market with competitors including Remitly, Euronet Worldwide, Xoom, BookMyForex and OFX, among others.
- Headquarter London, United Kingdom
- Employees 164 as on 30 Jun, 2020
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Azimo Ltd
- Date of Incorporation 03 Jan, 2012
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$37.09 M (USD)41as on Jun 30, 2020
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Net Profit
-$7.27 M (USD)-41as on Jun 30, 2020
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EBITDA
-$8.05 M (USD)-45as on Jun 30, 2020
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Total Equity Funding
$68.82 M (USD)
in 8 rounds
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Latest Funding Round
$22.14 M (USD), Debt – Venture
Feb 04, 2020
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Investors
SVB
& 15 more
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Employee Count
164
as on Jun 30, 2020
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Acquired by
Papaya Global
(Mar 28, 2022)
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People of Azimo
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Product Management Team
17 people
Leadership Team
14 people
Legal and Compliance
11 people
Senior Team
6 people
Finance and Accounting
5 people
Human Resources and Administration
5 people
Data Analysis and Operations Team
4 people
Head Team
4 people
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Funding Insights of Azimo
Azimo has successfully raised a total of $68.82M across 8 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $22.14 million completed in February 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Azimo
Azimo has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SVB, Papaya Global and Accion.
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Finance and advisory services for infrastructure projects are provided.
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Venture capital firm investing in European software scale-up companies
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Investor details for Azimo
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Azimo
Investment portfolio details for Azimo
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Financial Statements - Azimo
Detailed financials for Azimo
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Azimo Comparisons
Peer comparison for Azimo
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Competitors of Azimo
Azimo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Remitly, Euronet Worldwide, Xoom, BookMyForex and OFX, among others.
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Cross-border money transfers are facilitated via banking networks.
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Electronic payments and transaction processing solutions are offered globally.
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Cross-border money transfers are enabled via banking channels.
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Online foreign exchange and remittance services are facilitated in India.
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International money transfer service provider.
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Detailed competitors of Azimo
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Latest news on Azimo
Complete news archive for Azimo
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Frequently Asked Questions about Azimo
Azimo was founded in 2012.
Azimo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Richard John Ambrose is the current CEO of Azimo.
Azimo is a funded company, having raised a total of $68.82M across 8 funding rounds to date.
As of Jun 30, 2020, the latest employee count at Azimo is 164.
Annual revenue of Azimo is $37.09M as on Jun 30, 2020.
Azimo was founded in 2012 in London, United Kingdom, operating in the fintech sector focused on international remittances. Services include access to pricing lists, transaction tracking, and fund transfers using debit or credit cards. Options for donating portions of transfers to charities in developing countries are provided, alongside news articles and blogs for user support. Operations center on secure, efficient cross-border payments.
Azimo's top competitors include Euronet Worldwide, NALA and BookMyForex.
Azimo has 16 investors. Key investors include SVB, Papaya Global, Accion, European Investment Bank, and Quona.
The valuation of Azimo is $135.14M as of Jan 2018.