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Daily Crunch: After 16 months on the job, Better.com CTO Diane Yu steps down
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Is cryptocurrency an alternative to remittances or an additive factor?
Is cryptocurrency an effective replacement for remittances? No, at least not yet.
TransferWise’s new debit card for the US fires the starting gun on a new war for travelers
International money transfer service TransferWise, has made a significant incursion into the US market today, launching a MasterCard debit card alongside a multicurrency account. Mirroring the card it has already…
Alibaba’s Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M
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…
China’s Alipay digital wallet is entering 7,000 Walgreens stores
China’s payments heavyweights have been following tourists abroad as their home market gets crowded. Ant Financial, Alibaba’s financial affiliate with a valuation of $150 billion, now sees its virtual wallet Alipay…
Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion
Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, has confirmed that it has closed a Series C funding round that totals an…
Ripple announces XRP trial with cross-border remittance firm MoneyGram
Well, well, well. Ripple, the company behind the controversial XRP cryptocurrency which has been criticized for obfuscating the nature of its partnerships with financial organizations, has announced a tie-up with…
Crunch Report | MoneyGram’s Sale to Alibaba Blocked by U.S. Government
Spotify files to go public, BloomThat gets acquired and MoneyGram’s sale to Alibaba got blocked by the U.S. government. All this on Crunch Report.
The US Government blocks MoneyGram’s $1.2B sale to Alibaba’s Ant Financial
The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. Government blocked the $1.2 billion deal. Ant Financial, the Alibaba affiliate which controls…
Alibaba’s Ant Financial may have won the bidding war for MoneyGram after upping its offer to $1.2B
Ant Financial, the Alibaba affiliate company focused on financial services, appears to have finally won its battle with Euronet to acquire MoneyGram, the U.S.-based cross-border payments service, after it increased…
Euronet outbids Alibaba’s Ant Financial with $1 billion offer for MoneyGram
Alibaba’s conquest to own a piece of the global money transfer industry just suffered a huge blow after Euronet outbid its fintech affiliate business for the proposed acquisition of MoneyGram,…
Alibaba’s Ant Financial extends global reach with first investment in the Philippines
Alibaba affiliate Ant Financial has again extended its global reach after it completed its maiden investment in the Philippines.
Alibaba’s Ant Financial is buying MoneyGram for $880M to expand its global presence
Alibaba is taking a big step into the U.S. — but it isn’t necessarily what you might think. Its affiliate Ant Financial has revealed it is buying U.S. payments firm…