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."
Estimated reading time: 0 minutes, 16 seconds
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."