A leap into the future of payments: Papaya Global acquires innovative money transfer company Azimo

We’re proud to announce that Papaya Global announced today that it has agreed to acquire our portfolio company, Azimo, the global digital cross-border payments service. The acquisition of Azimo will significantly expand Papaya’s capabilities in payroll payments and strengthen its promise to help companies smoothly manage their remote workforce from onboarding to payments.

“Payroll payments made easy regardless of geography are what set us apart from other technology vendors, and this acquisition further strengthens our ability to help companies manage workforces that span the globe,” said Eynat Guez, Papaya Global CEO and co-founder. “Azimo’s global digital payment network, multiple payment licences and deep fintech expertise will also enable us to build new payroll-related services for our business customers and their employees.”

The deal brings together Papaya’s deep expertise in remote workforce management technology with Azimo’s long experience building digital cross-border payment networks to move money quickly and smoothly around the world.

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Source: Papaya