Azimo B.V. was an online
remittance service headquartered in
Amsterdam
Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the capital and most populous city of the Netherlands, with The Hague being the seat of government. It has a population of 907,976 within the city proper, 1,558,755 in the urban ar ...
, Netherlands. It also had offices in
Kraków
Kraków (), or Cracow, is the second-largest and one of the oldest cities in Poland. Situated on the Vistula River in Lesser Poland Voivodeship, the city dates back to the seventh century. Kraków was the official capital of Poland until 1596 ...
,
Poland
Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populou ...
.
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. As of October 2019, sending countries were limited to
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirel ...
.
In March 2022, Azimo was acquired by the
New York-based payroll and payments solutions provider, Papaya Global. and closed their money transfer services in August 2022.
History
Azimo was founded in October 2012 in London, United Kingdom. In 2016, an updated version of its app was launched with features including in-app chat and biometric security.
As of early 2016, Azimo had raised $31 million in Series A and B funding from investors including Frog Capital,
Greycroft, MCI.TechVentures,
e.ventures
Headline, formerly e.ventures and BV Capital, is a global venture capital firm with an early-stage investment approach in the markets of Adtech, Commerce, Fintech, Media, Mobile and Software. It was founded in 1997 in Santa Barbara, California a ...
and Quona Capital. In May 2016, Japanese e-commerce company Rakuten invested in Azimo to accelerate the company's expansion into Asia.
In 2020, Azimo moved to the Netherlands as a result of
Brexit
Brexit (; a portmanteau of "British exit") was the withdrawal of the United Kingdom (UK) from the European Union (EU) at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 CET).The UK also left the European Atomic Energy Community (EAEC ...
.
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.
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
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirel ...
that are primarily in the
EU. The list of sending countries is:
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References
{{Online remittance
Financial services companies established in 2012
Online remittance providers
Financial technology companies
Companies based in Amsterdam