Azimo (UK-headquartered money transfer service) is launching a Dutch subsidiary, Azimo BV, in order to separate its UK and European operations ahead of Brexit. The post-UK remittances fintech launches Azimo BV subsidiary in the Netherlands appeared first on Electronic Payments International. All Azimo transfers sent from outside the UK are now handled by Azimo BV.

Azimo started to look for a new European base after the June 2016 Brexit vote. The company was granted a licence by the Dutch Central Bank in April this year.

Azimo now has over 1.1 million registered customers and around 2.5 million receivers.