Although the complete list of investors is undisclosed, among them is Matt Cooper according to reporting in The Next Web. Cooper is chairman of Octopus Investments. Before that, he was principal managing director of Capital One Bank.
Based in the U.K., Azimo serves the growing population of foreign-born residents in Great Britain by providing a means to send money to any bank account or to send cash to 150,000 locations around the world. Azimo processes payments faster than banks traditionally do – between 2 and 24 hours compared to three to five days – and launched its mobile app last September.
See Azimo in action at FinovateEurope in February. More information available here.