Ant International has closed a US$1.2 billion Series A round to expand its international operations, the South China Morning Post reported.
Ant Group and Alibaba returned as investors, while the company did not identify the other institutions involved.
The Singapore-based fintech plans to direct the proceeds towards Alipay+, Antom, WorldFirst and Bettr.
These businesses cover wallet connectivity, merchant payments, international business accounts and credit technology.
The funding will also support services that help companies accept payments, manage accounts and access financing across international markets.
Ant International has operated independently since 2024. Its business now spans markets in Asia, Europe, Latin America and the Middle East.
The company puts the reach of its network at more than 150 million merchants and over 2 billion user accounts worldwide.
Featured image: Edited by Fintech News Singapore, based on image by Evan Gao via LinkedInÂ
