Release date: 17 December 2019
Promoter – Financial Intermediary
AZIMO LTDLocation
Description
Founded in 2012, Azimo is an innovative fintech company offering cross-border money transfer services. Headquartered in London, with offices in Amsterdam and in Krakow, where they have their Polish research, development and innovation (RDI) centre, Azimo's mission is to promote financial inclusion through technology, making money transfers affordable and available to all.
Objectives
The proposed loan will support RDI activities, as well as the related marketing and sales expenditures in support of promoter's expansion within the EU.
Sector(s)
- Services - Information and communication
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
EUR 49 million
Environmental aspects
The project activities are not listed in any annexes of the Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU and will be carried out in existing facilities already authorized that will not change their scope due to the project. The proposed investments do not require any additional permits. The project is not expected to have any negative environmental impact.
Procurement
Being a private sector company not operating in the utilities sector and not having a status of a contracting authority, Azimo is not covered by the EU Public Procurement Directives.
Status
Signed - 12/12/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).