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February 4, 2020

Azimo, the U.K. money transfer start-up taking on the likes of Western Union and MoneyGram, has raised 20 million euros ($23 million) in debt financing from the European Union.

The loan from the European Investment Bank (EIB), which is the lending arm of the EU, will help the financial technology firm build out its payments platform and expand its presence in Poland.

Azimo co-founder and Ch...

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