What is Azimo?
Azimo provides a comprehensive payment solution specifically engineered for the international workforce. The platform facilitates direct payments to employees and local authorities, ensuring seamless cross-border transactions across multiple currencies. By integrating real-time payment tracking and adhering to rigorous regulatory frameworks, Azimo addresses the friction points inherent in global payroll and workforce management. Now operating as a licensed payments arm of Papaya Global, the company leverages its proprietary technology to offer compliant, secure, and transparent payment services, positioning itself as a critical component of the modern digital enterprise ecosystem.
How much funding has Azimo raised?
Azimo has raised a total of $86M across 6 funding rounds:
Angel/Seed
$1M
Series A
$10M
Series B
$20M
Unspecified
$15M
Series C
$20M
Debt
$20M
Angel/Seed (2013): $1M with participation from eVentures
Series A (2014): $10M led by TA Ventures, eVentures, RI Digital Ventures, and Greycroft Partners
Series B (2015): $20M supported by Frog Capital, Greycroft Partners, MCI Investments, and e.ventures
Unspecified (2016): $15M, investors not publicly disclosed
Series C (2018): $20M backed by e.ventures, Rakuten Capital, GR Capital Partners, MCI, Quona Capital, Silicon Valley Bank, Frog Capital, and Greycroft Partners
Debt (2020): $20M with participation from European Investment Bank
Key Investors in Azimo
Greycroft Partners
A leading venture capital firm focused on investments in the Internet and mobile markets, leveraging an extensive network to help entrepreneurs build successful businesses.
e.ventures
A global venture capital fund that specializes in delivering cutting-edge web and mobile application solutions while supporting ambitious entrepreneurs.
Frog Capital
A firm specializing in providing growth capital and operational support to purpose-driven European software scale-ups through a comprehensive methodology.
What's next for Azimo?
Following its integration into the Papaya Global ecosystem, Azimo is poised to further enhance its technological capabilities and expand its reach within the global workforce payment market. The strategic focus remains on optimizing cross-border payment flows and deepening the integration of its payment services within the broader Papaya Global platform. As the demand for compliant, automated international payroll solutions continues to rise, Azimo is well-positioned to capitalize on its established infrastructure to drive further innovation in the fintech space, ensuring that enterprises can navigate the complexities of global workforce management with increased agility and reduced operational overhead.
See full Azimo company page
