Azimo, the leading European digital money transfer service, has announced the further expansion of its operations in Europe as part of its rapid growth.
The company has opened a new office in Amsterdam, as a base to help it grow its share of the global cross-border payments market. From Europe, cross-border payments market is over EUR 1 trillion.
Azimo joins a number of other UK financial technology, “fintechs” that have established a presence in the Dutch capital. Commenting on the expansion, Michael Kent, CEO of Azimo, said: “The Netherlands has a thriving fintech sector with an ecosystem that makes it easier to grow our European business than anywhere else outside London. Amsterdam is a great capital that attracts talent from all over the world, while the Dutch Central bank is a strong regulator that is receptive to innovation and new business models and already supervises numerous payments institutions. It is an excellent place for us to continue our expansion in Europe.”
The firm has its headquarters in London and its research and development operations in Krakow in Poland. The Amsterdam office will grow as the business in Europe continues to scale. The company enables payments in more than 80 currencies to more than 200 countries and territories, reaching more than 5 billion potential customers. It offers a wide variety of pay-out methods, including cash pick-up, bank deposit and payment into a mobile wallet.