In partnership with HomeSend, a global remittance hub jointly developed by MasterCard, eServGlobal, and BICS, Azimo has added ten countries in Africa and the Asia-Pacific to the roster of nearly 200 countries its European customers can send money to.
HomeSend CEO Stephen Doyle credited Azimo’s “convenience, security, competitive pricing, and near-instant delivery” in explaining why the partnership makes sense. Founder and CEO of Azimo Michael Kent pointed out that his company now provides services ranging from cash payout to home-delivery money services. “This tie up with HomeSend to offer more mobile wallet services is a major step on our journey,” Kent said.
The new countries are Armenia, Burkina Faso, Fiji, Ghana, Indonesia, Kenya, Nepal, Nigeria, the Philippines, and Somaliland.
From left: Azimo co-founders, CTO Marek Wawro and CEO Michael Kent demonstrated at FinovateEurope 2013 in London.
HomeSend provides a centralized location for B3B cross-border and cross-network value-exchanges and transfers. The service enables finance and telecom service providers to offer their customers the ability to send money to mobile money accounts, payment cards, bank accounts, and cash kiosks. HomeSend was named “Best Payment Product in Africa” at the Asian Banker Middle East and Africa Awards 2015.
Companies like Azimo have played a major part in the investment boom in technology in the United Kingdom in general and London in specific. Azimo was profiled earlier this year in both The Guardian and Tech City News, and was a finalist at the Fintech Innovation Awards 2015. Azimo supports more than 70 different currencies and is partnered with more than 20,000 banks around the world.
Founded in January 2012 and headquartered in London, Azimo demonstrated its social remittance network at FinovateEurope 2013. The company has raised more than $30 million in funding, giving it a valuation of $100 million.