Ant International, the affiliate of Chinese fintech giant Ant Group, has raised about US$1.2 billion in a Series A funding round to fuel its global expansion, the company said on Tuesday.Existing backers Ant Group and Alibaba Group Holding joined the equity financing alongside several international institutional investors, whose identities were not disclosed.The fresh capital would be used to accelerate the firm’s international growth and drive innovation in merchant payments, account management and inclusive financial services for businesses of all sizes worldwide, the Singapore-based company said in a statement.Spun off to operate independently in 2024, Ant International has built a footprint across Asia, Europe, the Middle East and Latin America. The company said its network connected more than 150 million merchants to over 2 billion user accounts.Ant International operates through four primary business units – Alipay+, Antom, WorldFirst and Bettr – offering cross-border payments, treasury management and credit technology services, including artificial intelligence-powered tools for merchants.Ant Group is an affiliate of Alibaba Group Holding, which owns the South China Morning Post.