Friday, November 22, 2024
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Ant Financial: Raising $1 billion funding

Ant Financial: Raise $1B fund for Southeast Asian and India start-ups

  • Ant Financial is looking to back more startups in India, Southeast Asia that focus on payments and online finance
  • The $150 billion company already has an investment history in India
  • Ant Financial holds stakes in regional players including Indian payments giant Paytm
  • Foodtech company Zomato, based in Indian city Gurgaon, also saw Ant Financial lead its $60M funding round
  • Southeast Asia’s digital lending market expected to more than quadruple to $110B by 2025
  • Ant Financial is also planning to apply for a virtual banking license in Singapore

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