The London-based remittances company raised the amount from Rakuten's FinTech Fund.
The raise follows Azimo's $20m Series B in June 2015 and its $10m Series A in March 2014. curious to know if they will also create a strategic partnership with Viper to scale up faster?
The investment comes out of Rakuten’s FinTech Fund, which has been especially active recently, leading a $120 million round for Cabify and partnering with PayPal in a $30 million investment in investing app Acorns. (The company has also lost some other investment bets: in February it wrote down some $340 million from its own assets.) Azimo’s co-founder and CEO Michael Kent said the company is not disclosing its valuation but from what I understand, it is at an increase from its previous round, when it raised $20 million on a $100 million valuation. The company is likely to raise a bigger round next year.