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Azimo closes USD 20 mln investment round led by Rakuten

Wednesday 30 May 2018 11:53 CET | News

Azimo has closed on a USD 20 million series C investment round led by Rakuten Capital, the investment arm of Rakuten.

e.ventures, Frog Capital, GR Capital Partners, Greycroft Partners, MCI, Quona Capital and Silicon Valley Bank have also participated.

The Series C funding round also results in the total amount of equity investment raised by Azimo to over USD 50 million, and Azimo is adding to the global cross-border payments market that is worth USD 600 billion and is continuously growing, according to Forbes.

Azimo has built a global platform that enables payments in more than 80 currencies to more than 190 receiving countries and more than 5 billion potential customers via a wide variety of payout methods, including cash, bank deposits and mobile wallets.


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Keywords: Azimo, Rakuten, ecommerce, payments
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Countries: World