Azimo Brings Money Transfer to Facebook

With its new launch, Azimo is making global money transfers as easy as sending a message. The London-based company now lets its customers send money to 190+ countries via Facebook Messenger, which counts one billion users.

Azimo’s integration with Facebook Messenger reaches customers in the channel they’re already using. It makes transferring money easy; no IBAN number, contact details, or other info required.

Azimo’s users (iOS or Android) simply select who they want to pay, how much to send, and request the recipient’s details on Facebook Messenger. Within the Facebook app, the recipient enters their details to complete the transfer. Azimo offers the option of transferring the money to their bank or to one of its 290,000 brick-and-mortar pick-up locations.

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This news comes just over a month after the company launched its Facebook Messenger chatbot, which uses AI and machine learning to create a natural, human-like conversational chat experience.

Founded in 2012, Azimo has raised a total of $40 million; its estimated value is $100 million. The company debuted its global money transfer platform at FinovateEurope 2013 in London.

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