Investing.com– Alibaba Group ()-backed Ant International said on Monday it had raised about $1.2 billion in an equity financing round, with proceeds earmarked to expand its cross-border payments business and AI-powered commerce solutions globally.
The Singapore- and Shanghai-based financial technology company said existing shareholders, including Ant Group () and Alibaba Group, participated in the fundraising alongside international investment institutions.
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Ant International said the fresh capital will support global expansion and accelerate innovation in merchant payments, account management and financial services for small and medium-sized businesses and enterprises.
The company began operating independently in 2024 and has since expanded across Asia, Europe, the Middle East and Latin America.
Ant International operates four core businesses — Alipay+, Antom, WorldFirst and Bettr — offering cross-border payment, treasury and financial technology services, with an increasing focus on AI-driven solutions for global commerce.
