Do not get why they make payments free, with only FX as the cost, and ask for a kick back on the revenues
Azimo, a mobile money transfer startup out of London that was once feted by Facebook, is jumping into the funding ring with a $20 million raise. CEO and co-founder Michael Kent says the company will use the investment to continue to build out its operations across Europe and deeper into the community of migrants who already form the bedrock of its services. While Azimo — which was founded in 2012 and covers 200 countries and 80 different currencies –is not disclosing its valuation, we have confirmed with reliable sources that it is just under $100 million. The Series B round was led by Frog Capital, with participation from MCI Management and existing investors e.ventures and Greycroft Partners. It brings the total raised by Azimo to $31 million.