Azimo: London-based tech startup scores $22 million EIB debt for growth - Business Insider

This story requires our BI Prime membership. To read the full article,UK-based fintech Azimo has brought in 20 million euros from the European Investment Bank as part of a venture debt facility.

Azimo, which provides money transfer services to customers, was approached by the EIB in early 2019 about a prospective deal which subsequently closed before Christmas last year. The EIB is an odd choice for fintechs but while the lender is more regularly associated with large project finance deals it has provided venture debt to other European fintechs in the past, including Qonto, N26, and iZettle.

What a great achievement. Congratulations to richinw4 and everyone at Azimo. GrowthLife

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top stories this week: How to get ahead, startups that will boom - Business InsiderHere are the top business stories this week, focused on how to get ahead in 2020, the startups that will boom, and Goldman Sachs' first investor day. Strategic Roadmap and Goals - Goldman Sachs 2020 Investor Day via YouTube
Source: BusinessInsider - 🏆 729. / 51 Read more »

Pharmacy startups gaining steam, but they'll have to face off against Amazon's PillPack - Business InsiderWhile some startups like Alto Pharmacy are gaining steam, PillPack's entrance to the space could put lesser-established startups at risk
Source: BusinessInsider - 🏆 729. / 51 Read more »

10 things in tech you need to know today - Business InsiderJeff Bezos' girlfriend's brother is suing him, Apple shut down its Chinese stores due to coronavirus, and Uber suspended 240 accounts in Mexico. Jeff actually buys his clothes fromAmazon. 1 thing I do know people collapse in his warehouse because of exhaustion
Source: BusinessInsider - 🏆 729. / 51 Read more »