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Ant Financial

Ant Financial

Founded by the Alibaba group, it allows individuals and businesses to execute payments online in a secure manner. Alipay's users are primarily buyers and sellers engaging in e-commerce transactions.

OVERVIEW

Category
Fintech
Headquarter
Hangzhou, China
Founded Time
Oct. 1, 2014
Latest Funding
Series C
Company Size
5001-10000
Also Known As
Alipay, 支付宝, Ant Financial Services Group, 蚂蚁金服
Legal Name
Zhejiang Ant Small and Micro Financial Services Group Co., Ltd.
Name (Chinese)
Ant Financial
Legal Name (Chinese)
浙江蚂蚁小微金融服务集团股份有限公司
Website
Email Address
japan@antfin.com
Phone Number
+8657126888888
Read More

FUNDING

Number of Funding Rounds 3
Total Funding Amount USD 14.75B
Announcement Date Funding Round Funding Raised Lead Investor(s)
Jun. 8, 2018 Series C 14.00B Sequoia Capital, Warburg Pincus, Carlyle Group, Temasek Holdings, GIC
Apr. 22, 2016 Series B 750.00M China Development Industrial Bank (CDIB), CCB International, Primavera Capital Group, China Investment Corporation
Jul. 3, 2015 Series A 0.00 National Social Security Fund (NSSF)
Announcement Date

Jun. 8, 2018

Funding Round

Series C

Funding Raised

14.00B

Lead Investor(s)

Sequoia Capital, Warburg Pincus, Carlyle Group, Temasek Holdings, GIC

Announcement Date

Apr. 22, 2016

Funding Round

Series B

Funding Raised

750.00M

Lead Investor(s)

China Development Industrial Bank (CDIB), CCB International, Primavera Capital Group, China Investment Corporation

Announcement Date

Jul. 3, 2015

Funding Round

Series A

Funding Raised

0.00

Lead Investor(s)

National Social Security Fund (NSSF)

UPDATES

SoftBank and Ant Financial Inject USD 1 Billion into Fintech Pioneer Paytm
The company is currently the dominant gateway to India’s booming mobile payment market, serving merchants in over 2,000 towns and cities across the country.

The company is currently the dominant gateway to India’s booming mobile payment market, serving merchants in over 2,000 towns and cities across the country.

Alipay Opens the Door to Online Buying in China
Alibaba pioneered a 90-day ‘tour pass’ program for short-term visitors to purchase goods online and offline via the Alipay platform. The aggressive expansion of Alipay in the e-wallet market exacerbated its competition with WeChat Pay.

Alibaba pioneered a 90-day ‘tour pass’ program for short-term visitors to purchase goods online and offline via the Alipay platform. The aggressive expansion of Alipay in the e-wallet market exacerbated its competition with WeChat Pay.

Alibaba Reveals Strong Financials in September Quarter
Alibaba delivered a strong quarterly results with revenue reaching USD 16,651 million, an increase of 40% year-over-year. Mobile MAUs amounted to 785 million, an increase of 30 million over June 2019.

Alibaba delivered a strong quarterly results with revenue reaching USD 16,651 million, an increase of 40% year-over-year. Mobile MAUs amounted to 785 million, an increase of 30 million over June 2019.

AntFinancial Expands Electronic Signature Footprint with Esign Investment
Start-ups providing supporting services to paperless enterprise administrative management are expected to grow.

Start-ups providing supporting services to paperless enterprise administrative management are expected to grow.

Ant Financial to Invest Over USD 200 Milllion in Indian 'Meituan'
The financial affiliate of Alibaba is said to be securing a new investment in India's food delivery market. As the quasi-biggest shareholder, it will intensify competition between Zomato and Swiggy, just like Eleme and Meituan in China.

The financial affiliate of Alibaba is said to be securing a new investment in India's food delivery market. As the quasi-biggest shareholder, it will intensify competition between Zomato and Swiggy, just like Eleme and Meituan in China.

Alipay Partners with Adyen to Enhance Global Payment Process
The world's most valued unicorn Ant Financial Services Group reinforces its overseas payment business through collaborating with European company Adyen.

The world's most valued unicorn Ant Financial Services Group reinforces its overseas payment business through collaborating with European company Adyen.

Alibaba's Better-Than-Expected Q2 Results Indicate Strong Consumer Confidence
For the second quarter of this year, Alibaba's revenue was CNY 114.92 billion (USD16.74 billion), an increase of 42% year on year. Net income amounted to CNY 19.12 billion (USD2.79 billion), up 150% compared to the same quarter of 2018.

For the second quarter of this year, Alibaba's revenue was CNY 114.92 billion (USD16.74 billion), an increase of 42% year on year. Net income amounted to CNY 19.12 billion (USD2.79 billion), up 150% compared to the same quarter of 2018.

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