“Can a licensed cross-border remittance infrastructure become the compliant payment rail for global workforce payroll at scale?”
Founded in 2012 as a consumer remittance service targeting migrant workers sending money home, Azimo built a licensed cross-border payments infrastructure operating in 8+ countries with top-tier regulatory approvals in the UK and EEA. In March 2022, Azimo was acquired by Papaya Global, pivoting from a consumer-facing remittance app to the B2B payments backbone for Papaya Global's global workforce management platform — processing payroll and compliance payments directly to workers and local authorities across multiple currencies on local rails.
Azimo uses Complyadvantage for fraud prevention.
Azimo is founded in 2012 and headquartered in London, United Kingdom.
Azimo has raised $88.1M in total (latest round: Secondary Market, 2020).
Get a read on where your own stack stands against Azimo and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.