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Azimo
Global money transfers
- 101-200 employees
- Fintech
- B2C
- Payments
- Foreign exchange
- Financial Services
- SaaS
- Islington, London, UK
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Company mission
Use technology to make financial services affordable and available to all.
Our take
Azimo are disrupting a market that was historically controlled by companies like Western Union, where you had to travel to physical stores to send and receive money and fees were high. Their product is digital only and they charge 85% less than traditional transfer firms and banks.
Amongst other features that make payments cheaper and more accessible, Azimo also facilitates faster transfers to SCB business accounts. Built by migrants, for migrants, the company has strategically implemented payment options that best suit its customer base.
Azimo is to be acquired by Papaya Global, which will help the latter expand its services to the countries Azimo currently has a payments license in. As Azimo has struggled to scale due to competitors like Wise, a joint endeavour will help the company supercharge its businesses on a more efficient scale than they would be able to alone.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Look after your health: Enjoy peace of mind with world-class health insurance as well as gym subsidies
- Rest and recharge: Take time off with 26 days of paid leave + public holidays + additional days off for childcare
- Enhance your skills: Learn and grow with funded training opportunities
- Master a new language: Get free language classes
- Earn referral bonuses: You'll get a generous bonus if we hire someone you refer
- Enjoy fantastic food: Great food and drink in our offices, plus takeouts and vouchers
- Get mental health support: Speak to professionals via our Employee Assistance Program
- Make friends and have fun: Join your colleagues for company offsites at home and abroad
- Support causes that matter: Day off for charity volunteering and monthly donations to charities chosen by our employees
Funding (last 2 of 5 rounds)
May 2018
$20m
SERIES C
May 2016
$15m
LATE VC
Total funding: $66m
This company has top investors
Leadership
Michael Kent
(Chairman)Partner at Hexagon Partners (private equity firm). Now an investor in companies like Curve, ComplyAdvantage and Yoyo Wallet.
People progressing
Joined as a Product Designer. Promoted to Lead Product Designer after 1.5 years. Then promoted again to Head of Design after 2 years.
Joined as a Treasury Operations Specialist. Moved to be a Financial Data Analyst after 9 months.