In the past decade, the global money transfer market has gone through unprecedented change. While the bulk of the business still happens via traditional providers and retail banks, digital players, who use new technology to increase speed and drive down cost, are disrupting the industry and winning market share.
Raised €20 million in debt!
Based out of London, Azimo offers digital cross-border money transfer services with a focus on speed, security, and reduced cost. In the latest development, the money transfer service has secured €20 million in debt from the European Investment Bank.