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
HQLondon, GB
Founded2012
Size (employees)110 (est)-2%
Websiteazimo.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

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)

5.9 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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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 partners with African payments firmwdxefcqufszuzezftuxetqsqxt

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 Company Life and Culture

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