# Azimo

> Source: https://docs.barcoder.ai/docs/wallets/azimo
> research date 2026-06-01 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Azimo — Wikipedia](https://en.wikipedia.org/wiki/Azimo)

## Overview

**Azimo** was a **London-based digital cross-border remittance service**, founded in **2012**, that allowed senders in Europe to transfer money to recipients in **200+ countries** via bank deposit, mobile money and cash pickup <sup>[1][1]</sup>. It was one of Europe's early digital-remittance challengers. In **2022, Azimo was acquired by workforce-payments company Papaya Global**, and the **consumer remittance service was subsequently wound down**, with Azimo's technology and licenses folded into Papaya's B2B payments operation <sup>[1][1], [2][2]</sup>.

## History

**2012 — Founded in London** <sup>[1][1]</sup> by Michael Kent, Marek Wawro and Marta Krupinska; built as a digital alternative to cash-agent remittance.

**2013-2019 — European remittance growth** <sup>[1][1]</sup>: Expansion across EU send markets with 200+ receive countries and mobile-money payout in Africa and Asia.

**2020-2021 — Profitability + scale** <sup>[1][1]</sup>: Reaches profitability and ~2M customers as a focused digital remittance player.

**2022 — Acquired by Papaya Global** <sup>[2][2]</sup>: The Israeli workforce-payments unicorn acquires Azimo for its licenses, tech and team.

**2023 — Consumer remittance wound down** <sup>[2][2]</sup>: Azimo's consumer service is discontinued; capabilities absorbed into Papaya's global payroll/payments platform.

## Ownership & operator

**Operating entity (historical)**: Azimo Limited (London).

**Acquirer**: **Papaya Global** (2022).

**Founders**: Michael Kent, Marek Wawro, Marta Krupinska.

**Regulators (historical)**:
- **United Kingdom**: FCA authorised payment institution / e-money.
- **Netherlands**: De Nederlandsche Bank (DNB) for EU passporting.

## Technical integration

Azimo was an **app/web digital remittance** <sup>[1][1]</sup>:

| Layer | Description |
|---|---|
| **Channels** | Azimo app (iOS + Android) + web (historical) |
| **Identifiers** | Email + phone number + recipient bank account |
| **Funding** | Bank transfer, debit/credit card |
| **Payout rails** | Bank deposit, mobile money, cash pickup in 200+ countries |

## Implementations & partners

**Operator (historical)**: Azimo Limited; later **Papaya Global**.

**Competitors (when active)**: Wise, [WorldRemit (Zepz)](https://docs.barcoder.ai/docs/wallets/worldremit), [Remitly](https://docs.barcoder.ai/docs/wallets/remitly-app), [Western Union](https://docs.barcoder.ai/docs/wallets/western-union), [MoneyGram](https://docs.barcoder.ai/docs/wallets/moneygram), [Xoom (PayPal)](https://docs.barcoder.ai/docs/wallets/xoom).

## Status

**Discontinued — consumer service wound down after Papaya Global acquisition** <sup>[1][1], [2][2]</sup>:
- Founded 2012; acquired by Papaya Global in 2022.
- Consumer remittance discontinued ~2023; tech/licenses absorbed into Papaya's B2B platform.
- Reached ~2M customers and profitability before exit.

## Sources

[1]: https://en.wikipedia.org/wiki/Azimo "Azimo — Wikipedia"
[2]: https://techcrunch.com/2022/03/16/papaya-global-acquires-azimo/ "Papaya Global acquires Azimo — TechCrunch"

- [1] [Azimo — Wikipedia][1]
- [2] [Papaya Global acquires Azimo — TechCrunch][2]

## Source

Biography extracted from [azimo.md](https://docs.barcoder.ai/source/wallets/azimo). See `matrix.md` for standards-support matrix if present.