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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

Alipay Balloons in Turkish Tourism Market
Working with more than 250 overseas financial institutions and payment solution partners, Alipay currently supports 27 different exchange rates.

Working with more than 250 overseas financial institutions and payment solution partners, Alipay currently supports 27 different exchange rates.

Nepal Bans Alipay and WeChat Pay
By allowing transactions through Alipay or WeChat Pay apps, some of the Chinese vendors who run businesses in Nepal will provide a Chinese QR code for customers to scan. Thus the money bypasses the Nepali financial system.

By allowing transactions through Alipay or WeChat Pay apps, some of the Chinese vendors who run businesses in Nepal will provide a Chinese QR code for customers to scan. Thus the money bypasses the Nepali financial system.

Alipay’s Dragonfly Flies to Southern China
Around 1,000 7-Eleven chain stores in more than 11 cities in Southern China will be equipped with Alipay's facial-recognition payment device to realize a more safe and efficient way of mobile payment.

Around 1,000 7-Eleven chain stores in more than 11 cities in Southern China will be equipped with Alipay's facial-recognition payment device to realize a more safe and efficient way of mobile payment.

Alipay Launches New Payment Product Fabei to B-end Merchants
Given the huge C-end user base (almost 700 million users in China and 1 billion users worldwide), Ant Financial is continuously launching new attempts in the B-end businesses to expand this accumulated users premium.

Given the huge C-end user base (almost 700 million users in China and 1 billion users worldwide), Ant Financial is continuously launching new attempts in the B-end businesses to expand this accumulated users premium.

Series Report on Ant Financial, Part III – Comparison between Alipay and Tenpay
Alipay handles more B2C or consumption-related payment activities, while Tenpay has a larger share of C2C transfers. The overseas expansion competition between the two is fierce in Southeast Asia and beyond.

Alipay handles more B2C or consumption-related payment activities, while Tenpay has a larger share of C2C transfers. The overseas expansion competition between the two is fierce in Southeast Asia and beyond.

Series Report on Ant Financial, Part II – The Payment History of China
The development of payment system shapes people’s consumption scenario, then the scenario’s stability will affect consumers' payment habit. China, based on a late start advantage, has leapfrogged to mobile payment.

The development of payment system shapes people’s consumption scenario, then the scenario’s stability will affect consumers' payment habit. China, based on a late start advantage, has leapfrogged to mobile payment.

Series Report on Ant Financial, Part I
With the mission of "bring the world equal opportunities", Ant Financial is dedicated to creating an open, shared credit system and financial services platform through technology innovations.

With the mission of "bring the world equal opportunities", Ant Financial is dedicated to creating an open, shared credit system and financial services platform through technology innovations.

Xianghubao Is Drawing Attention for Getting 50 Million Users Within 6 Months
31% of the more than 50 million members of Xianghubao come from rural areas and small counties. Although facing lots of confrontations, Xianghubao is a program reachable for almost everyone.

31% of the more than 50 million members of Xianghubao come from rural areas and small counties. Although facing lots of confrontations, Xianghubao is a program reachable for almost everyone.

READ MORE

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