Ant International has completed a Series A financing round worth about $1.2 billion, according to ChainCatcher. The round was joined by Ant Group, some existing shareholders including Alibaba, and several internationally known investment institutions. The company said the capital will be used to expand its global business, step up investment in frontier technologies such as AI, and broaden inclusive fintech services including cross-border payments and global accounts to support merchant growth worldwide.
The report also noted that on March 19, 2024, Jing Xiandong said Ant International, OceanBase, and Ant Digital Technologies, all under Ant Group, had each established their own boards and would operate independently in the market. Jing currently serves as chairman of Ant International. The company’s business spans major markets in Asia, Europe, the Middle East, and Latin America, and it connects more than 150 million merchants and over 2 billion consumer accounts globally. It has innovation, settlement, and operations centers in Shanghai, Hong Kong, Singapore, and Malaysia.
Ant International has completed a Series A financing round, according to ChainCatcher. Ant Group, some existing shareholders including Alibaba, and several internationally known investment institutions took part in the round.
The financing was worth about $1.2 billion. The company said the proceeds will go toward expanding its global business, increasing investment in frontier technologies such as AI, and widening inclusive fintech services including cross-border payments and global accounts to help merchants grow worldwide.
On March 19, 2024, Jing Xiandong said that Ant International, OceanBase, and Ant Digital Technologies, all units under Ant Group, had each set up their own boards and would face the market independently. Jing is currently chairman of Ant International.
Ant International’s business covers major markets across Asia, Europe, the Middle East, and Latin America. It connects more than 150 million merchants and over 2 billion consumer accounts worldwide, and has innovation, settlement, and operations centers in Shanghai, Hong Kong, Singapore, and Malaysia.
The company currently has four main business segments:
- Alipay+
- Antom
- WorldFirst
- Bettr
These businesses focus on improving global payment connectivity, developing technology-driven merchant payments, treasury management, and fintech solutions using AI and other technologies, while building broad cooperation networks with financial institutions, technology companies, and merchants in China and overseas.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
