Alibaba Positions to Buy Currency-exchange Startup WorldFirst - FinTech Brief

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Alibaba Positions to Buy Currency-exchange Startup WorldFirst

Wednesday, Jan 09 2019

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Written by FinTech News Brief Staff

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Ant Financial, an affiliate of Alibaba Group Holding Limited, is making an "aggressive" effort to purchase currency exchange company WorldFirst, a London-based startup. So reports Zacks.

Terms of the transaction are reportedly close to $632.5 million for the acquisition. WorldFirst provides "currency-hedging services to facilitate online overseas money transfer."

Read the full article from Zacks.

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