Azimo expand in Europe

20th May 2019

European digital money transfer business, Azimo, enables payments from Europe to more than 200 countries and territories in more than 80 currencies, reaching more than 5 billion potential customers.

With headquarters in London, and its engineering and operations in Kraków in Poland, they have recently opened a new office in Amsterdam to help them grow their market share for cross-border payments from Europe, which is valued at over EUR 1 trillion.

Last month they also secured a licence from the Dutch Central Bank (De Nederlandsche Bank) to operate in the Netherlands, which guarantees they can continue to benefit from so-called ‘passporting’ rights to operate across Europe, even in the event of Brexit.

Michael Kent, Azimo’s CEO, said: “We looked at many jurisdictions but decided the best place to expand our European operations was the Netherlands. Outside the UK, it’s the best place to grow a FinTech company in Europe. It offers a welcoming culture open to innovation, access to talent, a thriving banking sector and a strong regulator.”

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Excellent work by the Azimo team. We look forward to hearing more progress. For the whole article, click here.