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

The Company selected non-profit organisations with cost price access to its premium money transfer product so they can more easily and cheaply move money from where it is raised to where it is spent. In some countries, Azim network is the only secure way of getting money into a remote location.

Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2012
Size (employees)
92 (est)+2%
Website
azimo.com
Azimo was founded in 2012 and is headquartered in London, GB

Key People at Azimo

Michael Kent

Michael Kent

CEO and Founder
Marek Wawro

Marek Wawro

Co-Founder / CTO
Marta Krupinska

Marta Krupinska

Cofounder and GM
Jakob Wrulich

Jakob Wrulich

Head of Finance

Azimo Office Locations

Azimo has offices in London and Kraków
London, GB (HQ)
173 Upper Street, N1

Azimo Data and Metrics

Summary Metrics

Founding Date

2012

Total Funding

$46.6 m

Latest funding size

$15 m

Time since last funding

about 1 year

Investors

Azimo's latest funding round in May 2016 was reported to be $15 m. In total, Azimo has raised $46.6 m

Azimo Financial Metrics

Azimo's revenue was reported to be £4.2 m in FY, 2016 which is a 101% increase from the previous period.
Numbers are in £, GBP

Revenue (FY, 2016)

4.2 m

Revenue growth (FY, 2015 - FY, 2016), %

101%

Gross profit (FY, 2016)

2.7 m

Gross profit margin (FY, 2016), %

64%

Net income (FY, 2016)

(6.8 m)

Cash (30-Jun-2016)

11.8 m
Numbers are in £, GBPFY, 2015FY, 2016

Revenue

2.1 m4.2 m

Revenue growth, %

101%

Cost of goods sold

589.7 k1.5 m

Gross profit

1.5 m2.7 m

Gross profit Margin, %

72%64%

Operating expense total

6.3 m9.4 m

Pre tax profit

(4.8 m)(6.8 m)

Net Income

(4.8 m)(6.8 m)
Numbers are in £, GBPFY, 2014FY, 2015FY, 2016

Cash

3.1 m10.6 m11.8 m

Accounts Receivable

6.2 k1.6 k

Current Assets

4 m11.3 m14.7 m

PP&E

33.8 k491.5 k594.3 k

Total Assets

4 m11.8 m15.3 m

Accounts Payable

385.6 k836.1 k1.1 m

Current Liabilities

439.1 k1.6 m1.9 m

Retained Earnings

(4.8 m)(6.8 m)

Total Equity

3.6 m9 m11.4 m

Financial Leverage

1.1 x1.3 x1.3 x
Numbers are in £, GBPFY, 2015FY, 2016

Cash From Operating Activities

(4.1 m)(7.1 m)

Cash From Financing Activities

12.1 m8.5 m
Numbers are in £, GBPY, 2016

Revenue/Employee

63.1 k

Financial Leverage

1.3 x
Azimo's employees are reported to be approximately 40% female and 60% male.

Azimo Online and Social Media Presence

Azimo News and Updates

Azimo Company Life and Culture

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