Azimo cuts money transfer rates to zero

FINAL

Press Release
June 2014

Low-cost money transfer service slashes rates until the end of July

Azimo, the online money transfer service, has cut the cost of sending cash from Germany to 195 different countries across the globe.

Until 31 July 2014, customers who send money using the service, either to a bank account or to one of over 150,000 cash pick up points around the world, will pay nothing in fees.

Azimo provides a fast, safe, easy and cost-effective way to transfer money across borders.

The low-cost service already offered rates up to 85 per cent cheaper than many high street banks and traditional money transfer providers. Every year, people are wasting billions of dollars by paying over-the-top remittance fees with the likes of Western Union and MoneyGram. That’s something Azimo is addressing, making it simpler and cheaper than ever to transfer money to support families and communities abroad. That money may appear insignificant to some but in developing nations can literally change and save lives.

With some of the best exchange rates on the market, Azimo’s zero-rate promotion means there’s never been a better time to send money securely to friends or family overseas.
The promotion comes as Azimo launches its first television advertising campaign in Germany. The campaign runs on ProSieben, Kabel 1, Sky, until 9th June to the 6th July.

Michael Kent, founder of Azimo, said: “We’ve cut our rates in Germany to coincide with our first ever television advertising campaign in the country and we hope it will encourage more people to discover our service. As well as being the most cost-effective way to send money overseas, we guarantee the security of our transactions, meaning you can be 100 per confident when you use Azimo.”

-Ends-

Notes to editors:

  • Information on the SevenVentures Pitch Day (7VPD) when seven start-ups pitched to win seven million Euros in TV advertising can be found here: http://www.sevenventures.de/en/7vpd

For further press information, please contact:
Michael Tinmouth, Head of PR and Social at Azimo
Email: miket@azimo.com
Mobile: 07889297557

About Azimo
Launched in 2012, Azimo is a UK-based online social money transfer service which is changing the way people send money around the world. Honest, transparent and social, Azimo is the cheapest and easiest way to send money to 198 countries across the world, from your smartphone, tablet or desktop and even through Facebook.

Azimo is challenging the big boys of the money transfer market; with rates up to 85 per cent cheaper and a hard-working team who believe in providing the best customer service, Azimo has created a better way to send money between countries.

 

Committed to ethical trading, by lowering the cost of transferring cash overseas, Azimo is having a real impact on some of the poorest parts of the world. In addition, the online transfer service has committed to donating up to 10% of its profits to charities that work to support the poorest in society.

 

Founded by CEO Michael Kent and Marek Wawro, the company is backed by a US$10 million Series A funding round led by Greycroft Partners and including Accion’s Frontier Investments Group, eVentures, TA Ventures, RI Digital Ventures and KRW Schindler Investments.

 

Azimo is a financial technology company authorised as a Payments Institution by the UK Financial Conduct Authority and registered as a Money Transfer Business with HM Revenue and Customs.

 

For more information or to transfer money, go to www.azimo.com

 

Facebook: www.facebook.com/azimomoney

Twitter: @azimomoney