Azimo, a leading European digital money transfer service, is accelerating its international expansion through NatWest Markets.
Under the terms of the agreement, NatWest Markets will provide Azimo with significantly enhanced access to global foreign exchange markets.
Since launching in 2012, Azimo has become one of Europe’s most successful fintech companies. Its customers are able to send money via Azimo’s apps and website to more than 200 countries and territories in 80 currencies, to be delivered by a choice of methods including bank deposit to any account, cash pick-up at over 200,00 locations and payments mobile walletsuch as mPesa.
Michael Kent, CEO of Azimo, said: “The fintech market is developing very rapidly, but the need for strong banking partners is a constant requirement. Our relationship with NatWest Markets gives us unparalleled access to deep pools of foreign exchange liquidity. They will be instrumental to our success as we accelerate our expansion to take a bigger slice of the global digital money transfer market.”
Simon Manwaring, Head of Currencies Trading at NatWest Markets, said: “We are pleased NatWest Markets is able to support Azimo in the next stage of its business growth, by increasing its market access to more currencies at competitive wholesale prices through our international trading network.”