2015’s biggest investments: Azimo £14m

Money transfer service Azimo targets new markets in North America and Asia with Series B funding

Company: Azimo
Description: Money transfer service
Founder: Michael Kent
Based in: London
Raised: £14m ($20m)
Investors: Frog Capital, MCI Investments, e.ventures, Greycroft Partners

They said:

Michael Kent, Azimo founder and CEO:

“These funds will allow us to further expand our services and continue to give the world’s migrants a better deal.”

Frog Capital’s Iyad Omari:

“Global money transfer is a half-trillion dollar market which is rapidly going online, with customers seeing the benefits in speed, cost and convenience. The emergence of native mobile options like Azimo will only intensify this trend.”

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