OverviewSuggest Edit

Azimo is a payment processing company that provides internet and mobile-based inter-country consumer money transfer services. Its solution allows users to send and request money domestically or across borders using a phone number. 

TypePrivate
Founded2012
HQGreater London, GB
Websiteazimo.com
Employee Ratings4.5

Latest Updates

Employees (est.) (Jul 2020)165(+2%)
Job Openings19
Revenue (FY, 2018)£10.8 M(+84%)
Cybersecurity ratingAMore

Key People/Management at Azimo

Michael Kent

Michael Kent

Executive Chairman, Founder
Richard Ambrose

Richard Ambrose

Chief Executive Officer
Tatiana Okhotina

Tatiana Okhotina

Chief Financial Officer
Tomisław Krężelewski

Tomisław Krężelewski

Chief Technology Officer
Dora Ziambra

Dora Ziambra

Chief Operating Officer
Rory Newton

Rory Newton

Product Director
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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 m
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Azimo Revenue

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Azimo's revenue was reported to be £10.78 m in FY, 2018
GBP

Revenue (FY, 2018)

10.8m

Gross profit (FY, 2018)

6.0m

Gross profit margin (FY, 2018), %

55.3%

Net income (FY, 2018)

(6.8m)

EBITDA (FY, 2018)

(6.6m)

EBIT (FY, 2018)

(6.6m)

Cash (30-Jun-2018)

4.4m
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.1m4.2m5.9m10.8m

Revenue growth, %

101%

Cost of goods sold

589.7k1.5m2.6m4.8m

Gross profit

1.5m2.7m3.2m6.0m
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

728.4k3.1m10.6m12.1m2.8m4.4m

Accounts Receivable

6.2k1.6k

Current Assets

789.4k4.0m11.3m15.0m6.4m9.3m

PP&E

168.4k33.8k126.6k229.9k225.5k211.1k
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

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

Cash From Operating Activities

(4.1m)(6.8m)(10.0m)(8.0m)

Cash From Financing Activities

12.1m10.4m833.3k9.8m

Net Change in Cash

7.4m3.4m(9.4m)1.6m
GBPFY, 2013

Financial Leverage

1 x
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Azimo Operating Metrics

Azimo's Registered Users was reported to be 2 m in Feb, 2020.
Feb, 2020

Banks

20 k

Countries (Customers)

200

Registered Users

2 m
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Azimo Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Human Capital Metrics

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Azimo Online and Social Media Presence

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Azimo News and Updates

Azimo offers free remittances to all migrant workers in response to UN call

Global money transfer service Azimo is offering free remittances to migrant workers after the United...

Azimo and SCB run on Ripple for instant payments into Thailand

Digital payments are playing an increasingly critical role in enabling people to send money home to...

Money transfer service Azimo partners with Siam Commercial Bank for faster payments to Thailand

Azimo, the London-headquartered international money transfer service, has partnered with Thailand’s Siam Commercial Bank (SCB) to deliver instant payments for its customers from Europe to SCB bank accounts in Thailand. According to the World Bank, Thailand is one of the top remittance destinations g…

Money Sender Azimo to Use Ripple Tech and XRP for Philippines Remittance Corridor

European money transfer service Azimo is tapping Ripple's On-Demand Liquidity and XRP to speed up remittances to the Southeast Asian nation.

Azimo enlists Ripple for cross-border payments

Money transfer outfit Azimo is tapping Ripple's On-Demand Liquidity (ODL) offering for faster, cheap...

Azimo gets €20 million in debt financing from EIB to grow its global money transfer service

Azimo, the European money transfer service, has entered into a €20 million debt agreement with the European Investment Bank (EIB). The loan will help Azimo accelerate its expansion, product development, and grow its technical team in Kraków, where the majority of its staff is located. Headquartered …
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Azimo Blogs

National Heroes Day

National Heroes Day celebrates some of the people who helped the Philippines to grow as a nation, but not all Filipino heroes are famous. Thousands of Filipinos live abroad send money home to support their loved ones. From medical expenses to mortgage payments, school fees to savings, every peso mak…

How to Transfer Money to Colombia, Easily and Safely

When you’re sending money home, you want it to be simple and inexpensive. But above all, you need to know that the money will arrive safely. Cutting through the mountain of advice about ways to do it, the different costs and how to keep your money secure is enough to give even the savviest financial…

What is the Best Way to Send Money to Pakistan?

Sending money to Pakistan can be confusing.  There are a lot of options on the market, with varying exchange rates, fees and transaction speeds. All the choice can leave you wondering: ‘What is the best way to send money to Pakistan?’ The trick to finding the right provider is to understand what all…

How Do You Send Money to Moldova, Cheaply and Safely?

When you’re asking the question ‘how do you send money to Moldova?’, you’ll want the transfer to be safe, easy and affordable. There are many options on the market, from your local bank to online transfer providers. Knowing how to choose the right company can be difficult if you don’t know where to …

What is the Cheapest Way to Transfer Money Between Countries, Safely?

What’s at the forefront of your mind when you’re sending money abroad? For most, value and security are the top considerations. Are you getting a decent exchange rate? Is your money going to arrive safely at its destination? Will there be any additional fees? In the past, transferring money internat…

Transferring Money to the Philippines for the First Time

Whether it’s to Manila, Cebu or Davao, every year millions of Filipinos send millions of pesos home. But with so many companies offering different options, finding the safest, cheapest and easiest method of getting your money home can leave you confused. If you’re transferring money to the Philippin…
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Azimo Frequently Asked Questions

  • When was Azimo founded?

    Azimo was founded in 2012.

  • Who are Azimo key executives?

    Azimo's key executives are Michael Kent, Richard Ambrose and Tatiana Okhotina.

  • How many employees does Azimo have?

    Azimo has 165 employees.

  • What is Azimo revenue?

    Latest Azimo annual revenue is £10.8 m.

  • What is Azimo revenue per employee?

    Latest Azimo revenue per employee is £65.3 k.

  • Who are Azimo competitors?

    Competitors of Azimo include Small World Financial Services, TransferWise and WorldRemit.

  • 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.