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Ant Financial raises $14 billion to expand Alipay services


Ant Monetary, the Chinese language fee large introduced that it has raised about $14 billion in its newest C funding spherical that goals to develop the Alipay companies globally.

Being affiliated with Alibaba, Ant Monetary now has grow to be the biggest fintech agency globally that’s supposed to reinforce its Alipay companies all world wide. Totally different rumors have been making rounds about this nice financing deal for the previous month, a number of sources reported that Ant Monetary has raised at the least $9 billion forward of going public to lift $100 billion.

Ant Monetary CEO and government chairman Eric Jing stated in a press release:

“We’re happy to welcome these traders as companions, who share our imaginative and prescient and mission, to embark on our journey to additional promote inclusive finance globally and produce equal alternatives to the world. We’re happy with and impressed by, the transformation we now have affected within the lives of unusual folks and small companies over the previous 14 years.”

Ant Monetary stated that they’ll prolong its international enlargement and strengthen its presence in non-China markets it has already entered. Ant Monetary has additionally invested in Pakistani Telenor Financial institution and it’s anticipated that the IPO will assist strengthen its partnership with Telenor Bank in Pakistan.

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