OverviewSuggest Edit

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
Founded2012
HQGreater London, GB
Websiteazimo.com
Employee Ratings4.3

Latest Updates

Employees (est.) (Mar 2019)124(+9%)
Job Openings10
Revenue (FY, 2017)£5.9 M(+40%)

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

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Azimo Online and Social Media Presence

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Azimo News and Updates

The Dutch ‘Brexit Snatch’: Why Azimo is not quitting the UK

Have you heard the news? Azimo is one of 250 companies moving to the Netherlands in an alleged ‘Brexit Snatch’ by the Dutch government. Read more: London fintech startups poised to expand in Europe They say never let the truth get in the way of a good story but as the chief executive of Azimo,…

Azimo launches in Poland

Leading European digital money transfer service Azimo today announced it has officially launched its...

Azimo enters Hong Kong

Leading European digital money transfer service Azimo today announced it has officially launched its...

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…
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Azimo Blogs

Five reasons to send money with Azimo Business

Azimo Business makes international business payments simple. Whether you’re paying a supplier in China or an employee in Poland, we’re faster, easier and cheaper than your bank. Here are five great reasons to try our service today: We’re fast Banks rely on antiquated technology that can take days to…

Five ways that Azimo protects your money

Azimo moves millions of pounds around the world, 365 days a year. From keeping your card payments secure to reviewing any suspicious transactions, we work around the clock to make sure that your money is delivered safely. Here are just a few of the ways that we give our customers peace of mind: Secu…

Sending money abroad? Don’t use your bank

Thousands of startups and small businesses need to send money abroad. Whether you’re paying a supplier in China or an employee in Poland, sending money with your bank is a bad idea. Here’s why: It’s slow Banks use a system called SWIFT (Society for Worldwide Interbank Financial Telecommunication) to…

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 Frequently Asked Questions

  • When was Azimo founded?

    Azimo was founded in 2012.

  • How many employees does Azimo have?

    Azimo has 124 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 £47.3 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.