Roy and Eldar Tuvey, the British brothers who sold their startup ScanSafe to Cisco for up to $183m in 2010, have announced a new venture, this time in mobile services.
Wandera helps companies save money on data roaming by compressing data in the cloud before it is sent to an employee’s phone or tablet. On Wednesday it received $7m in backing from Bessemer Venture Partners, whose past investments include Skype, Box and Linkedin. Read more
TransferWise, the money-moving service launched by former Skype director of strategy Taavet Hinrikus, is allowing start-ups to transfer up to $100m between different currencies without paying any fees.
The offer is open to 1,000 businesses that launched in the past two years on a first-come, first-served basis; they can transfer up to $100,000 each over the next year. TransferWise would normally collect around $500,000 in fees on the whole lot – $3m or so less, it estimates, than banks would. Read more