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Vision

A better way to share money around the world, improving the lives of millions

Development History

Azimo was founded in January 2012.

In October 2012, the first customers used the service.

In March 2013, iOS and Android applications were launched.

In November 2013, Azimo launched in Germany and Ireland.

In January 2015, Azimo announced that European customers could now send money to people in the West African CFA franc system in Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo, and the recipients could receive the money instantly in cash.

In April 2015, Azimo was launched in the rest of Europe.

In March 2018, 1 million people were connected to Azimo's platform.

Financing

In September 2013, the company had received $1 million in seed round financing, led by European venture capital firm eVentures. Other angel investors also participated in this round of financing, including CapitalOne founder Matt Cooper.

In March 2014, Azimo received $10 million in Series A funding, led by Greycroft Partners, with other investors including Accion's Frontier Investments Group, eVenture, TA Ventures, RI Digital Ventures and KRW Schindler Investments.

In June 2015, mobile remittance platform Azimo received a US$20 million Series B round of financing led by Frog Capital, with participation from MCI Investments and existing investors e.Ventures and Greycroft Partners, bringing the total financing to US$31 million.

In October 2016, Azimo announced that it had received $15 million in funding from Japanese e-commerce giant Rakuten.

In June 2018, Azimo completed a US$20 million Series C financing round led by Lotte Capital, a subsidiary of Lotte Group, with participation from e.ventures, Frog Capital, GR Capital Partners, Greycroft Partners, MCI, Quona Capital, and Silicon Valley Bank.