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Ant International targets $10 billion valuation in planned funding round – TON BOT

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Ant International targets $10 billion valuation in planned funding round

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Ant International is considering a $1 billion fundraising round at a valuation of over $10 billion. The Singapore-based fintech unit has been profitable for eight consecutive quarters and is expanding its cross-border payments business. The company plans to raise capital to support international growth, with existing backers including General Atlantic and Silver Lake. Ant International’s Alipay+ network connects over 150 million merchants and more than 2 billion consumers across 100 markets. The company’s blockchain platform Whale processes more than $1 trillion in transactions annually. Ant International is also exploring stablecoin licenses in Hong Kong, Singapore, and Luxembourg. The company’s chairman, Eric Jing, believes AI technologies and tokenized settlement systems can make financial services more accessible.

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