has suedse, qualcomm pegatron.sn't have a direct license, instead it pays contractors to make the phone and part of that money is used to cover royalties. to london where bloomberg's caroline hyde spoke with a major player in fintech. largest: one of the clear to pay services in the u.k.. in fact, if not the world. helping to move more than a billion pounds per month, the country has waste $170 million in funding and investors include and sir richard branson. thank you for joining us. key player in the european unicorn space. big investor names. you are profitable. whether the profitability is something you were always striving towards. aswe have always known that we hit critical scale, we were going to get to the profitability. now we are moving a billion pounds a month. a million users using transferwise. we have hit profitability, our goal remains keeping and making sure we can have the biggest impact. >> did you ever think when focusing on profitability am a you are looking at your bottom line or is that not th

among those, qualcomm has sued pegatron. one companies, apple doesn't have a direct license with qualcomm. instead, it pays contractors to make the phone and part of that money is used to cover royalties. to london, where bloomberg's caroline hyde spoke with a major player in fintech. take a listen. caroline: we are here with the cofounder, one of the largest clear to pay services in the u.k., if not the world. helping to move more than a billion pounds per month, the company has raised $170 million in funding and investors include sir richard branson. maybe he is part of an island, who knows? he spends most of his time in the caribbean. thank you for joining us. key player in the european unicorn space. big investor names. you are profitable. talk to us about whether the profitability is something you were always driving towards. >> we have always known that as we hit critical scale, we were going to get to the profitability. now we are moving a billion pounds a month. a million users using transferwise. we have hit profitab

among those qualcomm has sued, foxconn and pegatron. like other smart phone companies, apple does not have a direct license with all, -- with qualcomm. instead, foxconn pays contractors to make its phones. part of that money is used to cover royalties. coming up, the annual google io conference kicks off in mountain view, california. we will hear from the man behind the company's android operations, hiroshi lockheimer. this is bloomberg. charlie: -- emily the google i/o conference : is taking off in mountain view, california. among the new developments, a new supercomputer chip. google is making its digital assistant available on the iphone to compete with apple's siri. google also unveiled updates to android, the dominant mobile operating system in the world. we spoke to hiroshi lockheimer about some of the most exciting announcements. hiroshi: we announced a lot today at i/o. there are now 2 billion monthly active devices in the world running android. that's very humbling, and it's a huge number, obviously, and it's hard to even compre

qualcomm is now suing the manufacturers of apple's iphone and ipads. and those names include foxconn, pegatronhey're suing them in u.s. district court for the southern district of california. and for withholding payment on qualcomm licensees qualcomm sued apple several days ago. this comes after apple stopped payment on licenses of qualcomm technology. they don't like the fact that qualcomm charges a percentage of the total price of the device. apple devices tend to cost quite a bit for a newer iphone and ipad. this is mostly about iphones. now, qualcomm says you can contact manufacturers are still paying for these other companies that they make devices based on. so it's just apple that they're withholding payment from qualcomm says that the manufacturers say apple told us that we can't pay you. but qualcomm says hey you're supposed to pay us. you have to pay us. so thank you qualcomm trying to bring additional pressure to bear to bring this legal issue to a head. often cases like this, a company like apple will indemnify the contract manufacturer, say hey, we're going to pay your legal bills