Azimo is a payment processing company providing internet and mobile based inter-country consumer money transfer services. The Company aims to offer great rates for its customers and save them money. With Azimo anyone can send and request money domestically or across borders using just a phone number. The Company also offers all its customers the chance to donate a portion of the money they save to charity. 

TypePrivate
HQGreater London, GB
Founded2012
Size (employees)108 (est)
Websiteazimo.com
Azimo was founded in 2012 and is headquartered in Greater London, GB
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Azimo Office Locations

Azimo has an office in Greater London
Greater London, GB (HQ)
173 Upper St
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Azimo Financials and Metrics

Summary Metrics

Azimo's latest funding round in May 2018 was reported to be $20 m. In total, Azimo has raised $66.6 m
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Azimo Revenue

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Azimo's revenue was reported to be £5.87 m in FY, 2017
GBP

Revenue (FY, 2017)

5.9m

Gross profit (FY, 2017)

3.2m

Gross profit margin (FY, 2017), %

55%

Net income (FY, 2017)

(9.4m)

EBITDA (FY, 2017)

(9.2m)

EBIT (FY, 2017)

(9.3m)

Cash (30-Jun-2017)

2.8m
GBPFY, 2015FY, 2016FY, 2017

Revenue

2.1m4.2m5.9m

Revenue growth, %

101%

Cost of goods sold

589.7k1.5m2.6m

Gross profit

1.5m2.7m3.2m
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

728.4k3.1m10.6m12.1m2.8m

Accounts Receivable

6.2k1.6k

Current Assets

789.4k4.0m11.3m15.0m6.4m

PP&E

168.4k33.8k126.6k229.9k225.5k
GBPFY, 2015FY, 2016FY, 2017

Net Income

(4.8m)(6.8m)(9.4m)

Cash From Operating Activities

(4.1m)(6.8m)(10.0m)

Cash From Financing Activities

12.1m10.4m833.3k

Net Change in Cash

7.4m3.4m(9.4m)
GBPY, 2017

Revenue/Employee

68.9k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

3.3 x
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Human Capital Metrics

Azimo's employees are reported to be approximately 40% female and 60% male.
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Azimo Online and Social Media Presence

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Azimo News and Updates

Azimo opens Amsterdam office

Azimo, the leading European digital money transfer service, has announced the further expansion of i...

Azimo moves into business payments market

Azimo, the digital money transfer service, is taking on high street banks with a new service for bus...

Azimo launches business money transfer service

Hot on the heels of raising $20 million in Series C funding led by Japan’s Rakuten Capital, London-based money transfer service Azimo is launching a new service aimed at small and medium-sized businesses. Dubbed “Azimo Business,” it lets SMEs across the U.K. and Europe send payments to an impressive…

Azimo partners with African payments firm

European digital money transfer service Azimo today announced a strategic partnership with leading A...

Rakuten-backed fintech Azimo raises £15m Series C

Azimo, a digital money transfer service based in London and Krakow, has raised a $20m (£15m) Series C financing round, led by Rakuten Capital, the investment arm of Japanese innovation giant Rakuten Inc. Other investors participating in the round included e.ventures, Frog Capital, GR Capital Part…
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Azimo Blogs

Azimo joins Theresa May on her first visit to Africa

Azimo is excited to announce that they will be joining Prime Minister Theresa May this week on her first official visit to Africa. We are one of 29 representatives selected to showcase the best of UK businesses to future trading partners across the continent. The Prime Minister and her delegation wi…

Azimo Company Life and Culture

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Azimo Frequently Asked Questions

  • When was Azimo founded?

    Azimo was founded in 2012.

  • How many employees does Azimo have?

    Azimo has 108 employees.

  • What is Azimo revenue?

    Latest Azimo annual revenue is £5.9 m.

  • What is Azimo revenue per employee?

    Latest Azimo revenue per employee is £54.4 k.

  • Who are Azimo competitors?

    Competitors of Azimo include Earthport, Satabank and Token.io.

  • Where is Azimo headquarters?

    Azimo headquarters is located at 173 Upper St, Greater London.

  • Where are Azimo offices?

    Azimo has an office in Greater London.

  • How many offices does Azimo have?

    Azimo has 1 office.