FF News Logo
Saturday, September 06, 2025

Breaking News

Gemini Launches Staking and Derivatives for EU Customers Pave Finance, an AI-Powered, Institutional-Grade, Personalized Wealth Management Software Company Raises $14m in an Oversubscribed Seed Financing ebankIT to Unveil Industry’s Leading AI Transactional Banking Assistant Using Agentic AI at FinovateFall 2025 Varo Bank to Accelerate Responsible and Customer-Focused AI Efforts with New Chief Artificial Intelligence Officer Asmau Ahmed Tangram Taps INSTANDA to Accelerate Launch of Fully Customizable E&S Insurance Product for Security Guard Industry Q2’s AI-Driven Enhanced Payee Match Detects 3x More Suspected Fraud For Customers In Its First Year Lead Bank Closes Series B Fundraising Round equipifi® Joins the Jack Henry™ Fintech Integration Network and Expands Access to Bank BNPL Elliptic Powers Risk Intelligence for BVNK’s Layer1 – Enabling Stablecoin Payments, Trading and Settlement at Scale Elysian Raises $6M Seed Round to Redefine Insurance Claims Services with AI-Native Platform PayPal Selects Nova Credit to Power U.S. Cash Flow Underwriting Weyay Bank Empowers Customers With Hide Your Money From Yourself Campaign 1Money Secures 34 U.S. Money Transmitter Licenses and Bermuda BMA Class F License to Support Stablecoin Payments Worldwide Spinwheel Secures Strategic Investment from Citi Ventures to Accelerate the Future of the Consumer Credit Ecosystem Pointsville Secures Series A Funding Led by Valor Capital Group with Global Strategic Partners to Accelerate Asset Digitization & RWA Growth

Papaya Global to Acquire Digital Cross-Border Payments Service Azimo, Making Payments Instant and Unbound by Geography

Papaya Global, the global people management platform for the remote working era, announced today that it has agreed to acquire Azimo, the global digital cross-border payments service, making it possible to pay employees almost instantly regardless of geography and typical payroll limitations.

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 will make it possible for companies to make instant payments to their global teams,” 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.

“Combining Azimo’s assets and expertise with an emerging global leader in remote working enablement like Papaya will allow them to deliver even more value for their business customers, especially those increasingly paying and managing remote employees,” said Azimo chairman and founder Michael Kent.

The acquisition is subject to standard closing conditions, including regulatory approval. The two companies will continue to operate independently until closing. All Azimo employees will join Papaya.

“Papaya’s customers will benefit hugely from our long experience in building payment technology and operating as a regulated payments business,” Azimo CEO Richard Ambrose said.

Upon closing, Papaya Global will gain payment licences in the UK, the Netherlands, Canada, Australia and Hong Kong, as well as a global digital payment network reaching more than 160 countries.

People In This Post

Companies In This Post

  1. Gemini Launches Staking and Derivatives for EU Customers Read more
  2. Pave Finance, an AI-Powered, Institutional-Grade, Personalized Wealth Management Software Company Raises $14m in an Oversubscribed Seed Financing Read more
  3. ebankIT to Unveil Industry’s Leading AI Transactional Banking Assistant Using Agentic AI at FinovateFall 2025 Read more
  4. Varo Bank to Accelerate Responsible and Customer-Focused AI Efforts with New Chief Artificial Intelligence Officer Asmau Ahmed Read more
  5. Tangram Taps INSTANDA to Accelerate Launch of Fully Customizable E&S Insurance Product for Security Guard Industry Read more
Sibos | FFNews