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FinanceAnt International raises $1.2 bln in global expansion push
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Ant International, the Singapore-based overseas affiliate of Chinese fintech giant Ant Group, has raised $1.2 billion in a private equity fundraising round to accelerate its global expansion. Affiliates Ant Group and Alibaba Group participated in the round, though their individual commitments were not disclosed. The company plans to use the funds to expand its merchant payment business, account management, and other financial services for enterprises worldwide. Prior to this funding, Ant International was valued at $10 billion. The firm was spun out of Ant Group in 2024 and operates primarily in Asia, Europe, the Middle East, and Latin America, connecting with banks, card organizations, and mobile payment firms to serve 150 million merchants and 2 billion user accounts. The fundraising comes after Chinese regulators suspended Ant Group's planned IPO in 2020.
Source report
Reuters Mon, July 20, 2026 at 8:43 PM PDT 1 min read
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HONG KONG, July 21 (Reuters) – Ant International, an overseas affiliate of the Jack Ma-founded Chinese fintech firm Ant Group, has raised $1.2 billion in its latest equity fundraising as it seeks to expand.
Affiliates Ant Group and Alibaba Group participated in the private funding round, the company said on Tuesday, without disclosing the size of their commitment.
Ant International plans to accelerate its expansion in the merchant payment business, account management, and other financial services for enterprises globally.
The Singapore-based firm is a digital payments and fintech company that was spun out of China's Ant Group as an independently operated entity in 2024.
Prior to the funding round, Ant International was valued at $10 billion, Reuters reported last month, citing a source.
Chinese regulators suspended the group's planned listing in 2020 just before its debut, leading to Ma giving up control of Ant Group.
Ant International, which mainly operates in Asia, Europe, the Middle East, and Latin America, is connected to banks, card organizations, mobile payment, and tech firms. Through these connections, it says it covers 150 million merchants and 2 billion user accounts.
Reporting by Selena Li; Editing by Christopher Cushing and Christian Schmollinger
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Ant International raises $1.2 billion in global expansion push