The money transfer network has now raised $46m altogether and will use Rakuten's help to expand in Asia.

E-commerce group Rakuten led a $15m funding round for Azimo, the UK-based operator of a digital money transfer network, on Thursday

The round also included venture capital firms E.Ventures and Greycroft Partners, growth capital firms MCI Capital and Frog Capital, and non-profit organisation Accion, all of which are existing investors.

Founded in 2012, Azimo operates an online service enabling users to transfer money internationally to more than 190 countries. It claims its platform, accessible through a mobile app, is faster,…