Serial entrepreneurs Michael Kent, 43, and Ricky Knox, 43, founded Azimo in 2012 with the aim of making the way people send money round the world cheaper, easier and safer. Based in London and Krakow, the online service is available in nine languages and allows users to transfer money to more than 190 countries in 80 currencies. Its payout methods include cash, bank deposits and mobile wallets. To date, the firm has raised $50m from venture capitalists, recently securing a $20m investment led by Rakuten Capital that will be used to fund expansion in Asia. Last year the value of transactions more than doubled to $1bn and turnover, representing its fees, hit £5.9m.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.