When was Azimo founded?

Azimo was founded in 2012 and raised its 1st funding round within a year of its incorporation.

Where is Azimo located?

Azimo is headquartered in London, United Kingdom. It is registered at 9TH FLOOR,107 CHEAPSIDE,LONDON,UNITED KINGDOM,EC2V 6DN.

Which legal entities is Azimo associated with?

Azimo is associated with AZIMO HOLDING LTD and 2 others.

How many employees does Azimo have?

As of Jun 30, 2020, the latest employee count at Azimo is 164.

Is Azimo a funded company?

Azimo is a funded company, having raised a total of $68.8M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 30, 2012.

How much is Azimo worth?

The last known valuation of Azimo was £***** as of Jul 28, 2022.

When was the latest funding round of Azimo?

Azimo's latest funding was a $***** Venture Debt round on Feb 04, 2020, with participation from 1 investor.

Where does Azimo rank among its competitors?

Azimo ranks 1st amongst 395 active competitors, of which 40 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was NALA, which secured $40M in Jul, 2024.

Who are the top competitors of Azimo?

Azimo's top competitors include NALA, Euronet Worldwide and WireBarley. Among them, NALA secured the most recent funding round in July, 2024.

Azimo - 2026 Company Profile, Team, Funding & Competitors

Azimo is an acquired company based in London (United Kingdom), founded in 2012 by Ricky Knox, Micheal Kent, Marta Krupinska and Marek Wawro. It operates as a Banking channel for cross-border money transfers. Azimo has raised $68.8M in funding from investors like Rakuten Capital, Greycroft and Frog Capital, with last known valuation of £*****. The company has 395 active competitors, including 40 funded and 36 that have exited. Its top competitors include companies like NALA, Euronet Worldwide and WireBarley.

Company Details

Azimo is a banking channel for cross-border money transfers. Allows users to access current pricing lists, track transactions, and transfer funds through debit & credit cards. It gives users the option to donate a portion of the money they transfer to charities working in developing countries. Also, offers news articles & blogs for assisting users.

Website: azimo.com
Social
Email ID: *****@azimo.com
Registered Address: 9TH FLOOR,107 CHEAPSIDE,LONDON,UNITED KINGDOM,EC2V 6DN

Key Metrics

Founded Year

2012

Location

London, United Kingdom

Stage

Acquired

Total Funding

$68.8M in 8 rounds

Latest Funding Round

Venture Debt, Feb 04, 2020, $*****

Last Known Valuation

£***** as on Jul 28, 2022

Investors

Rakuten Capital & 31 more

Ranked

1^st among 395 active competitors

Employee Count

164 as on Jun 30, 2020

Similar Companies

NALA & 622 more

Exit Details

Acquired by Papaya Global (Mar 28, 2022)

View Azimo's full profile

Azimo is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
AZIMO LTD CIN: 7895399 , United Kingdom, Active	Jan 02, 2012	-	-
AZIMO HOLDING LTD CIN: 13585958 , United Kingdom, Active	Aug 24, 2021	-	-
AZIMO Limited CIN: 7895399 , Germany, Active	Jan 02, 2012	$14.5M (As on Jun 30, 2018)	164 (As on Jun 30, 2020)

Azimo got acquired by Papaya Global on Mar 28, 2022.

Click here to take a look at Azimo's acquisition in detail

Azimo has raised a total funding of $68.8M over 8 rounds. Its first funding round was on Oct 30, 2012. Its latest funding round was a Venture Debt round on Feb 04, 2020 for $*****. 1 investor participated in its latest round. Azimo has 23 institutional investors and 9 angel investors.

Here is the list of recent funding rounds of Azimo:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 04, 2020	3410176	Venture Debt	6304721	8084968	8883631	3135578
Jan 25, 2018	2001900	Series C	1844929	7013106	3663489	Frog Capital & 6 more
Apr 15, 2016	7505625	Series C	5350205	3960700	Rakuten Capital	9999349

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View details of Azimo's funding rounds and investors

The founders of Azimo are Ricky Knox, Micheal Kent, Marta Krupinska and Marek Wawro.

Here are the details of Azimo's key team members:

Ricky Knox: Former Co-Founder of Azimo and founder of 2 other companies, Prosper and Tandem. They are also an angel investor in 10 startups.
Contact Info: 2 email addresses
Micheal Kent: Former Co-Founder of Azimo and founder of 1 other company. They serve on the boards of 2 companies.
Contact Info: 1 email address
Marta Krupinska: Former Co-Founder of Azimo and founder of 1 other company.
Contact Info: 1 email address
Marek Wawro: Former Co-Founder & CTO of Azimo.
Contact Info: 1 email address

Azimo's Board of Directors

Azimo's board has 3 active members. Micheal Kent and Steven Dunne are part of team and Andreas Haug is independent board member.

Here is the list of Azimo's board of directors:

Name	Type	Representing	Status	Duration
Micheal Kent	Team	-	Current	13y 11m
Steven Dunne	Investor	Frog Capital	Current	5y 7m
crwqhsk	Investor	-	Past	3y 1m
abqndle	Investor	-	Past	1y 9m
pfbvlpp	Investor	-	Past	8y 7m
{zfpbjb	Investor	nsxzyic	Past	3y 6m
ywicynr	Investor	zqlbvaa	Past	8y 9m
sinomcl	Investor	gkevwtl	Past	1y 8m
Andreas Haug	Independent board member	-	Current	11y 11m
utdslcs	Independent board member	-	Past	8y 4m
evyvhjr	Independent board member	-	Past	6y 6m

View details of Azimo's Founder profiles and Board Members

Azimo's employee count trend

Azimo has 164 employees as of Jun 20. The total employee count is 91.0% more than what it was in Jun 19. Here is Azimo's employee count trend over the years:

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Top competitors of Azimo include NALA, Euronet Worldwide and WireBarley. Here is the list of Top 10 competitors of Azimo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Azimo 2012, London (United Kingdom), Acquired	Banking channel for cross-border money transfers	$68.8M	GR Capital, Anthemis Group & 30 others	65/100
2nd	NALA 2017, Nairobi (Kenya), Series A	Online cross-border remittance platform for individuals	$50.1M	Accel, Acrew Capital & 20 others	71/100
3rd	Euronet Worldwide 1994, Leawood (United States), Funding Raised	Electronic payments provider	-	Advent International, Innova Capital & 1 others	71/100
4th	WireBarley 2016, Seoul (South Korea), Series B	Online platform for cross-border money transfer	$16M	DT&Investment, Shinsegae & 7 others	69/100
5th	BookMyForex 2011, Gurugram (India), Acquired	Online Money Exchange and Remittances	$5.59M	Faering Capital & 3 others	69/100
6th	Moin 2016, Seoul (South Korea), Series A	Blockchain-based remittance service.	$2.42M	Honest Ventures, The Wells Investment & 6 others	67/100
7th	Global66 2018, Santiago (Chile), Series A	Cross-border money transfer platform	$16.2M	Quona, Venrex & 6 others	66/100
8th	OFX 1998, Sydney (Australia), Public	International money transfer service provider.	-	Accel, The Carlyle Group	65/100
9th	Pangea Money Transfer 2012, Chicago (United States), Acquired	Fast, secure, and affordable international money transfers you can trust	$20.4M	Chicago Ventures, Avocation Investments & 12 others	62/100
10th	ACE Money Transfer 2002, Manchester (United Kingdom), Seed	International Money Transfer Service Provider	$1.94M	-	62/100