Ant International raises $1.2bn Series A to scale global payments

Ant International, the planetary concern limb of Jack Ma-founded Ant Group, has closed a Series A equity financing circular of astir $1.2bn.

In a little statement, the institution said existing investors including Ant Group and Alibaba Group participated successful the round. However, Ant International did not disclose the size of their investment. Other planetary concern institutions besides joined the round.

According to a Reuters report, Ant International was valued astatine $10bn anterior to the backing round.

Ant International, which offers integer payment, digitisation and fiscal technologies, volition usage the proceeds to accelerate planetary expansion.

The institution besides plans merchandise improvement crossed merchant payment, relationship absorption and different fiscal services aimed astatine SMEs and endeavor customers.

Ant International began operating independently successful 2024.

"With main operations crossed Asia, Europe, the Middle East and Latin America, the institution has built an expansive concern web with banks, paper organisations, mobile outgo leaders and tech enterprises, connecting implicit 150 cardinal planetary merchants with much than 2 cardinal idiosyncratic accounts," it said successful a statement.

The institution operates done 4 concern lines: Alipay+, Antom, WorldFirst and Bettr.

Recently, Alipay+, done a concern with Latin America-focused fintech PVS, connected with Argentina's nationalist QR outgo scheme, Transferencias 3.0. The integration is designed to fto planetary travellers marque QR codification payments crossed Argentina.

This year, Ant International besides introduced the Agentic Mobile Protocol (AMP) for the agentic commerce industry.

Under AMP, merchants, LLMs, AI platforms, merchants with self-developed agents, cause builders and integer wallets tin integrate agentic outgo functions into existing workflows without strategy overhauls.

"Ant International raises $1.2bn Series A to standard planetary payments" was primitively created and published by Electronic Payments International, a GlobalData owned brand.