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 Ratings3.9

Latest Updates

Employees (est.) (Jun 2021)170(-2%)
Job Openings9
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

Founding Date

2012

Azimo total Funding

$66 m

Azimo latest funding size

$20 m

Time since last funding

3 years ago

Azimo investors

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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Human Capital Metrics

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Azimo Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Azimo Online and Social Media Presence

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Azimo News and Updates

Azimo implements USU customer support package

USU is equipping online money transfer service Azimo with its knowledge management solution for customer service.

Azimo + dLocal partnership & Angel Sahagun on Albo’s $45M funding round, Ep 27

In this week’s Espresso, we invited Richard Ambrose, CEO of Azimo, and Meirav Adi, VP of Sales at… The post Azimo + dLocal partnership & Angel Sahagun on Albo’s $45M funding round, Ep 27 appeared first on LatamList.

dlocal partners with Azimo for Colombia remittance

LatamList – dlocal, a cross-border payments service for emerging markets, announced a new partnership with Azimo, a global… The post dlocal partners with Azimo for Colombia remittance appeared first on LatamList.

Azimo and dLocal partner on Colombian remittances

Azimo, Europe’s leading digital money transfer service, today announced its partnership with dLocal, the leading cross-border payments platform for emerging markets, to allow migrants in Europe and Australia to transfer money to nearly any bank in Colombia, including Davivienda, Banco de Bogota and …

Azimo partners with Alipay to provide instant money transfers to China

You can now send money to China instantly with Azimo, the global money transfer service, after they announced a partnership with Alipay, China’s leading payments platform.

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...
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Azimo Blogs

The cost of living in Canada in 2021

From its people’s world-renowned positivity to its natural beauty, Canada has plenty to offer new residents. Whether you’re planning to retire in a tranquil setting or study in one of Canada’s diverse, modern cities, it pays to understand the cost of living.  What does the cost of living mean? A sim…

How to open a bank account in Canada

If you’ve just arrived or are planning to move to Canada, you’ll need a bank account to receive, save, deposit, and transfer money. Discover everything you need to know about opening a bank account, including the documents you need and how to open an account before you arrive in Canada. The banking …

Happy Filipino Independence Day

The arrival of June sees the Philippines celebrate its independence. But with international travel currently limited, it’s more complicated than ever to get home to join the festivities. To mark Filipino Independence Day 2021, Azimo has put together this guide to celebrating the Philippines’ anniver…

How to send money to the Philippines from Canada

Filipinos account for about three per cent of Canada’s population. That’s nearly a million people. For decades now, Filipinos have been emigrating to North America to live and work.  Consequently, there’s a growing demand for providers that transfer money back to loved ones in the Philippines. Find …

Revealed: Why 36% of migrants plan to leave the UK

Migrant workers are planning to leave the UK in huge numbers this year, according to a new survey by Azimo, Europe’s leading digital money transfer service. The vast majority of respondents plan to leave the UK for an EU nation, with Germany and Spain the most popular choices. Just 8% plan to quit t…

What is the Bangladesh 2% cash incentive?

The Bangladesh 2% cash incentive is a Government-backed scheme launched to provide a 2% bonus on money sent by Bangladeshis overseas. How does the Bangladesh 2% bonus work?  If you are a Bangladeshi national sending money back home, the government will add 2% to your transfer. The scheme works simil…
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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 170 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 £63.4 k.

  • Who are Azimo competitors?

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

  • 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.