Fintech firm Ant International raises US$1.2b to fuel global growth

Ant International, the affiliate of Chinese fintech giant Ant Group, has raised about US$1.2 billion in a Series A funding round to fuel its global expansion, the company said on Tuesday. Existing backers Ant Group and Alibaba Group Holding joined the equity financing alongside several international institutional investors, whose identities were not disclosed. The fresh capital would be used to accelerate the firm’s international growth and drive innovation in merchant payments, account...