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Ant Financial allegedly eyes WorldFirst's acquisition

Thursday 27 December 2018 | 11:29 AM CET

Ant Financial has allegedly shared its plans to buy the UK payments startup WorldFirst in a deal that could be worth more than USD 632.5 million, Reuters reports.

According to the publication, Ant Financial has been in talks with WorldFirst for several months; the two companies did not comment on the news.

Apparently, it was unclear whether existing investors would retain a stake in WorldFirst, a company that aims to make foreign exchange simple for people and businesses with global ambitions. The company has heled over 120,000 people, small businesses and online sellers transfer over GBP 60 billion since its inception in 2004.

Earlier in October 2018, International Financial Corporation and Ant Financial launched the 10×1000 Tech for Inclusion programme.

More: Link
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