Papaya Global Acquires Money Transfer Company Azimoby Fintechnews Switzerland April 5, 2022
Together with Azimo, Papaya Global will be able offer a payments solution that delivers payments in hours instead of days. We will build an innovative new payments and finance offering for clients in cash advance and credit-related products, and in cryptocurrency.
The acquisition includes Azimo’s advanced technology, extensive expertise in cross-border money transfers, a global digital payment network reaching more than 150 countries, and – perhaps most significantly – payment licenses in the UK, the Netherlands, Canada, Australia and Hong Kong.
“I’m really passionate about this company, their business, their approach, the amazing global network they built from the ground up, the people who made it happen – they do things the right way and I feel fortunate to bring them into the Papaya family.
“Azimo’s global digital payment network, multiple payment licenses and deep fintech expertise strengthens our ability to help companies manage and pay their remote teams,”
The addition puts Papaya Global at the leading-edge of emerging trends in global payment technology. All of Azimo’s employees will join the Papaya team.
“We can’t wait to join forces with Papaya to make it even easier for workers to get paid anywhere in the world,”
said Richard Ambrose, Azimo’s CEO.
“Papaya’s customers will benefit hugely from our long experience in building payment technology and operating as a regulated payments business.