In the present scenario, digitization mapping all the sectors. In fact, it changed every aspect of life. Thus, financial services also adapted these changes to stand in today’s world. Azimo is one of the financial start-ups that provide services for digital international money transfer. However, the company made it possible to stand out amongst tough competitors like Fintech and WorldRemit. Also, the company enables simple, fast, and secure way to transfer money globally. In fact, Azimo’s service is cost-effective and available in 125+ countries around the world. Michael Kent, Marta Krupinska, Ricky Knox, and Marek Wawro establish it in 2012. Since then the company delivering the best financial service.
Azimo- New way of financial service
Michael Kent, Marta Krupinska, Ricky Knox, and Marek Wawro started the new era of financial service with Azimo establishment in 2012. In a short period, Azimo enabled a faster and safer way of online money transfer. However, it uses technology to democratize financial services. So that everyone has access to the service, no matter wherever it is. Its headquarters is located in London, UK. Also, the company has offices in Poland.
Vision and Mission of the company
The vision of the company is to democratize financial services so that it is affordable and available to all. While providing a better way to share money around the world is the mission of the company. As well, improving the lives of millions of people with its best financial service is also the mission of Azimo. With Azimo, the user can receive or send money to any bank. However, to speed up the process they can use social media accounts along with a debit card or bank account. So, it is possible to send money to over 125 countries via PC or mobile using a social media account.
How Azimo works?
Azimo has partners in around 195 plus countries. Also, they work with the world’s largest payment companies. To achieve the motto to enable safe money transfer, FCA and HMRC regulate the Azimo’s transactions. However, to speed up the transactions it holds funds in most currencies around the world. So that Azimo users can transfer funds instantly to over 60 countries. Furthermore, the company acquired half a million users and offers 270,000+ cash pick-up locations on the earth. Besides, the company often updates its app with new features to offer the best user experience.
Founders of Azimo
Michael Kent
He is the co-founder as well as CEO of Azimo. Michael is also the founder of a small world financial services group. This is a well-known European money provider. However, he is an experienced FinTech entrepreneur, an expert in deal-making and business transformation.
Education and Career
From 1994 to 1997, he attended Cambridge University to study Land Economy. After that, he studied an MBA at INSEAD.
Michael is the founder of Tandem Bank where he also served for 5 years. Furthermore, he is one of the partners at Hexagon Partners in the last 15 years. Hexagon partner is a well-known equity investment company. Also, he is an investor as well as an advisor at Curve ltd and Complies advantage. Presently, Michael is CEO at Azimo.
Marta Krupinska
Marta is a tech entrepreneur and diversity advocate. She named in the list of Forbes in 30Under30 in 2016. Also, she was on the list of London’s Most Influential People 2017 and 2018 by Evening Standard. In 2018, Krupinska honored as Forbes top 60 Female Tech Executives globally.
Presently, she is working at GovTech. Krupinska helped in the establishment of Azimo and FreeUp. Apart from that, Marta is Head of Google for Startups UK.
Education
She attended Columbia University for an executive development program. Also, she attended the center for Leadership for a degree in Leadership Academy for Poland. Marta pursued MA in psychology from Jagiellonian University, where she also studied Organisational psychology.
Ricky Knox
He is a serial entrepreneur and has built miscellaneous successful businesses. Ricky has built five technology disruptors. Especially in telecoms and fintech. Also, he co-founded Tandem and Azimo. In 2003, he also co-founded the GSM system. However, he is the director of the Small World Financial Services Group. At Azimo, he is serving as a Non-Executive Director. Apart from that, Knox is also one of the Managing Partners at Hexagon Partners.
He attended INSEAD for MBA.
Marek Wawro
He is the co-founder of Azimo. Presently, he is serving as a CTO at Future Finance. Also, work as Google Launchpad Mentor. Marek is an experienced technical leader having a strong background in Requirements Engineering as well as Software Architecture. Wawro studied at the University of the West of England.
Successes of the Azimo
The company enables innovative money transfer service which is affordable and available to all. After one year of formation, the company had raised 31 million USD in funding from several investors. Includes, Greycroft, Frog capital, Quona capital, etc. Also, to explore the service in Asia, Japanese company Rakuten showed interest and invested in Azimo.
Awards and recognition of the company
In 2018, Azimo won the Remittances award at United Nations. Also, it marked the name in Britain’s 100 private companies with the fastest-growing sales. Azimo also honored as the Best Global Money Transfer Company in 2017. It also named the Fastest Growing Companies in the UK in the same year. Further, it honored as a Best Remittance Service to Africa in 2016. As well, awarded for Innovation on money transfers. The company also became Judge’s Overall Favourite for Ease of Use and Adoption in financial service. However, the company ranked first in the list of Top 10 money-saving apps.
Jayshri is an Electronics Engineer, but her passion towards writing made her to be in this field. Apart from content writing, she loves reading, writing and surfing on various topics. In her free time, she likes to watch TV series and news. Sherlock Holmes is her all time favorite show. Jayshri loves cooking various Indian-western dishes.