Global Market: Ant International raises $1.2 billion to fuel global expansion

Singapore-based fintech firm Ant International, carved out of China's Ant Group in 2024, has raised $1.2 billion in a private funding round with participation from affiliates Ant Group and Alibaba Group. The company, valued at around $10 billion before the round, will use proceeds to expand merchant payments, account management and enterprise financial services across Asia, Europe, the Middle East and Latin America. Ant International currently serves about 150 million merchants and 2 billion user accounts globally.