Ant International Completes $1.2 Billion Series A Financing

ChainCatcher reports that Ant International has completed its Series A funding round. The round was participated in by Ant Group, existing shareholders including Alibaba, and several internationally renowned investment institutions. The financing amount is approximately $1.2 billion and will be used to expand global operations, accelerate investment in cutting-edge technologies such as AI, and broaden inclusive fintech services including cross-border payments and global accounts to help businesses worldwide achieve growth. On March 19, 2024, Jing Xiaodong announced that Ant International, OceanBase, and Ant Digital Technologies, subsidiaries of Ant Group, had each established independent boards to operate autonomously in the market. Currently, Jing Xiaodong serves as Chairman of Ant International. Ant International’s operations span major markets in Asia, Europe, the Middle East, and Latin America, connecting over 150 million global merchants and more than 2 billion consumer accounts, with innovation, settlement, and operations centers located in Shanghai, Hong Kong, Singapore, and Malaysia. Ant International currently comprises four core business segments: Alipay+, Antom, WorldFirst, and Bettr—each focused on enhancing global payment interoperability, developing AI-driven merchant payment, treasury management, and fintech solutions, and building extensive partnerships with financial institutions, technology companies, and merchants both domestically and internationally.