TransferGo raises $10M to expand its remittance business in Asia, doubling valuation [TechCrunch]
Western Union Company (The) (WU)
Last western union company (the) earnings: 2/11 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.westernunion.com/investor-relations/default.aspx
Company Research
Source: TechCrunch
Taiwan-based investor Taiwania Capital, with a view to expanding in the Asia-Pacific region. 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. Daumantas Dvilinskas, TransferGo Co-Founder and CEO, told TechCrunch: “We have been profitable for the last year in and out, and the only burn was marketing, but the burn was very limited. We achieved sustainability of the business and became profitable and we still have proceeds from the last funding round. So we are profitable. We don't need external capital to grow.” However, he saw the opportunity to raise funding from Asia to expand there. “We raised money because we wanted to expand faster in Asia Pacific. So that's the next frontier for us,” he said. “We are still taking customers from incumbents: 75% come from cash, banks, and Western Union — that's still the gorilla in the room.” He
Show less
Read more
Impact Snapshot
Event Time:
WU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WU alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WU alerts
High impacting Western Union Company (The) news events
Weekly update
A roundup of the hottest topics
WU
News
- Western Union (WU) Q1 Earnings Beat on Branded Digital Strength [Yahoo! Finance]Yahoo! Finance
- The Western Union Company (NYSE:WU) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Western Union First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- The Western Union Company (NYSE: WU) had its price target raised by analysts at JPMorgan Chase & Co. from $13.00 to $14.00. They now have an "underweight" rating on the stock.MarketBeat
- The Western Union Company (NYSE: WU) had its price target raised by analysts at Evercore ISI from $14.00 to $15.00. They now have an "in-line" rating on the stock.MarketBeat
WU
Earnings
- 4/24/24 - Beat
WU
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- WU's page on the SEC website