Union

“Expanding Across Asia: TransferGo Secures $10M Funding, Doubles Valuation for Remittance Services”

Transfergo
It last raised a $50M Series C funding round in 2021. TransferGo claims the new investment doubles its valuation to around $600M, from the $200M-$300M Dealroom valued it at back in September 2021. We achieved sustainability of the business and became profitable and we still have proceeds from the last funding round. We don’t need external capital to grow.”However, he saw the opportunity to raise funding from Asia to expand there. “We are still taking customers from incumbents: 75% come from cash, banks, and Western Union — that’s still the gorilla in the room.”He puts TransferGo’s growth down to focusing on the consumer experience.

Potential EU Intervention Looms Over Amazon and iRobot Partnership

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The deal’s latest hurdle is the European Commission, which has set a February 14 deadline to reach a final decision. According to a new report, the EU regulatory body is set to vote against acquisition, citing the perceived anti-competitive nature of deal. In July, Amazon announced that it was lowering its asking price from $61 to $51.75 per share. The day the initial deal was announced, iRobot cut its headcount by 10% — around 140 people – as part of a restructure. As of this writing, share prices have dipped below $20 – one-third of where things where when the deal was announced.

EU Lawmakers Reach Agreement to Enhance Protections for Gig Workers

Uber Company
Some two years of talking about gig worker rights later and European Union lawmakers have finally reached a deal on the final shape of the Platform Worker Directive. The development could deliver a significant boost for millions of gig workers laboring on digital platforms without being afforded workers rights. There were also divisions between Member States over how much worker protection vs platform shielding they were prepared to commit to. Rappoteur and MEP Elisabetta Gualmini trumpeted the deal as “historic”, claiming the directive would advance workers rights for millions of gig workers across Europe. And I am really incredibly happy that we are now managing to provide protection [for gig workers].

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