Category: World

Alibaba’s Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M – TechCrunch

Ant Financial, the financial services behemoth affiliated with Chinese e-commerce giant Alibaba, has made its first big move into Europe. It’s acquired London-headquartered payments company WorldFirst in a deal that sources tell us is valued at around $700 million. (That price would also line up with multiple reports from December

Europe agrees platform rules to tackle unfair business practices – TechCrunch

The European Union’s political institutions have reached agreement over new rules designed to boost transparency around online platform businesses and curb unfair practices to support traders and other businesses that rely on digital intermediaries for discovery and sales. The European Commission proposed a regulation for fairness and transparency in online platform

DJI is updating its geofencing system across Europe after Gatwick drone debacle – TechCrunch

Following the pre-Christmas drone debacle in the U.K. — which plunged thousands of people into travel misery after repeated drone sightings closed the runway at Gatwick, and later also briefly suspended departures at Heathrow — consumer drone maker DJI has announced it’s upgrading its geofencing system across Europe. It says its Geospatial

Rapyd nabs $40M led by Stripe and GC for ‘fintech as a service,’ a single API for payments, money transfer and more – TechCrunch

As ever more transactions move onto digital platforms, a startup that is building a Swiss army knife of financial services — from payments to currency transfers, ID verifications and card issuing for companies to use by way of a single API — is announcing funding. Rapyd, a “fintech as a service”