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FT Partners Advises Azimo on its $20mm Series B Investment

FT Partners Advises Azimo on its $20mm Series B Investment

Overview of Transaction

  • On June 15, 2015, Azimo announced the completion of its $20 mm Series B financing led by Frog Capital
  • Azimo is a world leader in online and smartphone-based money transfers — providing a fast, secure and low-cost alternative to legacy high street remittance services
  • The Company, headquartered in London with additional offices in Poland, has the most comprehensive network of any digital player, sending money to over 200 countries, reaching 5 billion people with more than 80 different currencies
  • Frog Capital is a leading growth capital investor focused on technology-led business in Europe

Significance of Transaction

  • This investment signifies the ongoing disruption of the $600 bn global remittance market in which Azimo generated a five-fold increase in the number of facilitated money transfers from the year prior
  • Azimo will use the proceeds from the investment to continue its Pan-European growth and to target new markets in North America and Asia

FT Partners' Role

  • FT Partners served as strategic and financial advisor to Azimo and its Board of Directors
  • The transaction demonstrates FT Partners' continued ability to establish strong relationships with top international financial technology firms and assist them in achieving their long-term strategic goals
  • This transaction also builds upon FT Partners' expertise in money transfer, having advised several clients previously in the sector