Ant Group affiliate Ant International has raised about $1.2bn, backed by Alibaba and Ant Group, to grow its cross-border merchant payments business.

Fresh capital from backers including Alibaba and Ant Group will fuel the Singapore-based fintech’s global expansion and AI push

Ant International Raises approx. US$1.2 billion in Series A Equity Financing to Boost Cross-border Payments, Agentic Commerce Solutions for Global Businesses