Ant International is weighing a fundraising round at a valuation of at least $10 billion as the Singapore-based unit reports eight consecutive profitable quarters and grows its cross-border payments business.
Ant Group is considering a $1 billion fundraising round to support faster international expansion, with Ant International weighing the deal at a valuation of at least $10 billion. The Singapore-based fintech unit has posted eight straight quarters of profitability and is expanding its cross-border payments business, adding financial momentum to the overseas growth push. The potential capital raise remains tied to Ant Group’s broader effort to strengthen its global fintech presence while using blockchain and AI in services aimed at financial inclusivity.