Azimo, a London, UK-based digital money transfer startup, closed a $10m Series A funding.
The round was led by Greycroft Partners, with participation from Accion’s Frontier Investments Group, eVentures, TA Ventures, RI Digital Ventures and KRW Schindler Investments. In conjunction with the funding, Kamran Ansari from Greycroft Partners will be joining Azimo’s Board of Directors along with Monica Brand, Managing Director for Accion’s Frontier Investments Group and and eVentures’ Andreas Haug.
The company intends to use the funds to accelerate European expansion and target other key markets in North America and Asia.
Founded by CEO Michael Kent, Ricky Knox, and Marek Wawro in 2012, Azimo is a finTech start-up that allows customers to send money to 190 countries around the world from any mobile or Web-connected device. The company is authorized as a Payments Institution by the UK Financial Conduct Authority and registered as a Money Transfer Business with HM Revenue and Customs.
FinSMEs
13/03/2014
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