Ant International raises $1.2 billion in global expansion push

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 firm ⁠that was spun out of China's Ant ​Group as an independently operated company ​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 which it says it covers 150 million merchants and 2 billion user accounts.