Azimo was a global digital money transfer service founded in 2012 with the mission to make sending money internationally faster, cheaper, and easier. Headquartered in London, with key offices in Krakow and Amsterdam, Azimo enabled individuals and businesses to send money to over 200 countries and territories in more than 80 currencies. The platform was known for its user-friendly mobile apps, competitive exchange rates, and extensive payout network. In March 2022, Azimo was acquired by Papaya Global, a global payroll and payments platform, to enhance Papaya's capabilities in delivering global workforce payments. Azimo's team, technology, and payment licenses have since been integrated into Papaya Global's operations, and the Azimo brand is being phased out.
Served as the central hub for strategic decision-making, global operations management, marketing, business development, finance, legal, and HR functions for Azimo's international money transfer services.
Typically located in modern, open-plan office spaces within tech hubs like Shoreditch, designed to foster collaboration, agility, and innovation. Specific architectural highlights of a single, long-term owned building are unlikely as they often utilized flexible and contemporary office solutions.
Azimo's work culture was characterized by a fast-paced, entrepreneurial, and customer-centric environment. It emphasized diversity (with employees from many nationalities), collaboration across departments, and a mission-driven approach to disrupting traditional financial services. Employees often described it as dynamic, international, and empowering.
London's position as a leading global fintech capital provided Azimo with access to top talent, venture capital, a robust regulatory framework (FCA authorization), and a vibrant ecosystem of partners and competitors, crucial for its growth as an international money transfer service.
Prior to its acquisition by Papaya Global, Azimo had established a significant global presence in the digital remittance market. The service allowed users to send money from over 25 countries, primarily in Europe, to a vast network of over 200 countries and territories worldwide, supporting transactions in more than 80 different currencies. Azimo's payout network was extensive, including options for bank deposits, over 270,000 cash pick-up locations, mobile wallet top-ups, and, in some regions, home delivery of funds. This broad reach made it a key player for individuals sending money to family and friends across borders.
The Frames, 1 Phipp Street (a known past address)
London
England
United Kingdom
Address: ul. Zabłocie 43A, 30-701 Kraków, Poland (a known past address)
Leveraged Poland's strong and growing tech talent pool and relatively cost-effective operational environment to support Azimo's global service delivery, technological innovation, and customer service operations.
Address: Prins Hendrikkade 21E, 1012TL Amsterdam (a known past address, indicative of presence in a financial hub)
Strengthened Azimo's presence within the European Union, ensuring continued service delivery to EU customers, managing its EU payment institution license, and fostering partnerships within the continental European market.
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As of April 2025, Azimo' leadership includes:
Azimo has been backed by several prominent investors over the years, including:
Following its acquisition by Papaya Global (announced in March 2022 and subsequently completed) and the integration of its operations and team, Azimo no longer operates as an independent entity with its own distinct executive team. Therefore, there have been no Azimo-specific executive hires or exits in the last 12 months (from mid-2023 to mid-2024). Leadership roles and changes concerning former Azimo personnel would now be within the context of Papaya Global's broader organizational structure. The primary executive transition occurred around the time of the acquisition.
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Historically, Azimo, like many tech companies, likely used standardized email formats for its employees. The most common formats generally include combinations of an employee's first name, last name, or initials. While Azimo's email system is no longer active post-acquisition, a common pattern would have been 'first.last@azimo.com'.
first.last@azimo.com
Format
jane.doe@azimo.com
Example
70%
Success rate
TechCrunch • March 29, 2022
Papaya Global, the global people, payroll and payments platform, announced it has acquired Azimo, the global digital cross-border payments service. This acquisition will significantly expand Papaya’s capabilities in payroll payments and provide it with payment licenses in the UK, the Netherlands, Canada, Australia and Hong Kong, enhancing its ability to make payments to employees worldwide....more
Finextra • October 10, 2019
Azimo announced a strategic investment from Rakuten Capital, the corporate venture capital arm of Rakuten, Inc. The investment was part of a broader strategic co-operation between the two companies focused on expanding Azimo’s presence in Asia and providing new financial services to Rakuten’s user base. This funding was aimed at accelerating Azimo's growth and further developing its money transfer platform....more
TechCrunch • June 12, 2018
Azimo, the European digital money transfer service, raised a further $20 million in debt and equity and appointed a new CEO, Richard Ambrose, previously COO. The funding was aimed at helping Azimo scale its operations as it targeted profitability. Co-founder Michael Kent moved to the role of chairman....more
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