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. 

Type
Private
HQ
London, GB
Founded
2012
Size (employees)
100 (est)+6%
Website
azimo.com
Azimo was founded in 2012 and is headquartered in London, GB
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Azimo Office Locations

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

Summary Metrics

Founding Date

2012

Total Funding

$46.6 m

Latest funding size

$15 m

Time since last funding

2 years ago

Investors

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

Azimo Financials

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

Revenue (FY, 2017)

5.9 m

Gross profit (FY, 2017)

3.2 m

Gross profit margin (FY, 2017), %

55%

Net income (FY, 2017)

(9.4 m)

EBITDA (FY, 2017)

(9.2 m)

EBIT (FY, 2017)

(9.3 m)

Cash (30-Jun-2017)

2.8 m
GBPFY, 2015FY, 2016FY, 2017

Revenue

2.1 m4.2 m5.9 m

Revenue growth, %

101%

Cost of goods sold

589.7 k1.5 m2.6 m

Gross profit

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

Cash

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

Accounts Receivable

6.2 k1.6 k

Current Assets

789.4 k4 m11.3 m15 m6.4 m

PP&E

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

Net Income

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

Cash From Operating Activities

(4.1 m)(6.8 m)(10 m)

Cash From Financing Activities

12.1 m10.4 m833.3 k

Net Change in Cash

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

Revenue/Employee

68.9 k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

3.3 x
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