Ant International said it raised about $1.2 billion in a Series A equity financing round, according to a Monday press release.
Existing investors, including Ant Group and Alibaba (HKG:9988), participated in the financing alongside other international investment institutions.
The fintech company said the proceeds will be used to accelerate its global expansion and strengthen merchant payments, account management, and other financial services for small and medium-sized enterprises.
Ant International, which began operating independently in 2024, provides cross-border payment and financial technology services through its Alipay+, Antom, WorldFirst and Bettr businesses.