Papaya Global Acquires Azimo

March 28, 2022

Papaya Global has agreed to acquire Azimo, the London-based digital cross-border payments service, to expand its payroll payments capabilities and gain multiple payment licences and a global payment network. The deal will bring Azimo's payment licences (UK, Netherlands, Canada, Australia, Hong Kong) and its team into Papaya, enabling faster, near-instant payments to global employees and new payroll-related services for Papaya customers.

Buyers
Papaya Global
Targets
Azimo
Location
England, United Kingdom
Transaction Type
Buyout

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