A funding round might value Ant International at $10 billion or more
Ant Group’s international business is considering raising around $1 billion to accelerate growth, sources said.
The global unit of the Jack Ma-backed fintech company has been sounding out interest from prospective investors, which includes existing shareholders General Atlantic and Silver Lake, the sources added, they said.
A funding round might value Ant International at $10 billion or more.
The sources also said that a fundraising could help pave the way for Ant to start preparing for a potential listing of the business in Hong Kong as soon as this year.
That will revive a process that stems back to the start of this decade, when the main Ant Group was preparing for what would have been the world’s biggest initial public offering (IPO).
However, Chinese regulators put the brakes on that plan, prompting a restructuring that created an independent board for Ant International in 2024.
Deliberations about the funding round are ongoing, and no final decision has been made, the sources said.
Ant International’s revenue totalled $3 billion in 2024, and then grew around 25% in 2025, sources have said.
The company supports more than 300 payment methods in more than 220 markets, it said in April.
Initially catering to Chinese tourists travelling abroad, the payments service was later expanded into a cross-border network known as Alipay+, which can be used by different wallets.
The company has four business drivers – Alipay+, Antom, Bettr and WorldFirst.
Antom can help merchants integrate more than 300 payment methods, and it accepts payments in more than 100 currencies.
WorldFirst enables cross-border trade payment. Meanwhile, Bettr has an artificial intelligence-powered digital-lending service and helps clients with treasury and foreign-exchange management.
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