Wallets/azimo
Azimo
0 standards supported
Overview
Azimo was a London-based digital cross-border remittance service, founded in 2012, that allowed senders in Europe to transfer money to recipients in 200+ countries via bank deposit, mobile money and cash pickup [1]. It was one of Europe's early digital-remittance challengers. In 2022, Azimo was acquired by workforce-payments company Papaya Global, and the consumer remittance service was subsequently wound down, with Azimo's technology and licenses folded into Papaya's B2B payments operation [1, 2].
History
2012 — Founded in London [1] by Michael Kent, Marek Wawro and Marta Krupinska; built as a digital alternative to cash-agent remittance.
2013-2019 — European remittance growth [1]: Expansion across EU send markets with 200+ receive countries and mobile-money payout in Africa and Asia.
2020-2021 — Profitability + scale [1]: Reaches profitability and ~2M customers as a focused digital remittance player.
2022 — Acquired by Papaya Global [2]: The Israeli workforce-payments unicorn acquires Azimo for its licenses, tech and team.
2023 — Consumer remittance wound down [2]: Azimo's consumer service is discontinued; capabilities absorbed into Papaya's global payroll/payments platform.
Ownership & operator
Operating entity (historical): Azimo Limited (London).
Acquirer: Papaya Global (2022).
Founders: Michael Kent, Marek Wawro, Marta Krupinska.
Regulators (historical):
- United Kingdom: FCA authorised payment institution / e-money.
- Netherlands: De Nederlandsche Bank (DNB) for EU passporting.
Technical integration
Azimo was an app/web digital remittance [1]:
| Layer | Description |
|---|---|
| Channels | Azimo app (iOS + Android) + web (historical) |
| Identifiers | Email + phone number + recipient bank account |
| Funding | Bank transfer, debit/credit card |
| Payout rails | Bank deposit, mobile money, cash pickup in 200+ countries |
Implementations & partners
Operator (historical): Azimo Limited; later Papaya Global.
Competitors (when active): Wise, [[worldremit]], [[remitly-app]], [[western-union]], [[moneygram]], [[xoom]].
Status
Discontinued — consumer service wound down after Papaya Global acquisition [1, 2]:
- Founded 2012; acquired by Papaya Global in 2022.
- Consumer remittance discontinued ~2023; tech/licenses absorbed into Papaya's B2B platform.
- Reached ~2M customers and profitability before exit.
Sources
Source
Biography extracted from azimo.md. See matrix.md for standards-support matrix if present.