Tag: Alibaba

Ant Financial, the payments affiliate of China’s Alibaba Group, has raised $14bn in its Series C funding round.

Softbank and Alibaba have reportedly invested $445m in to Paytm Mall, the e-commerce division of Indian banking platform Paytm.

Online payments company Ant Small and Micro Financial Services Group has received an investment from Alibaba Group, which will see it acquire a 33 per cent stake.

Blockchain-based B2B trading platform ModulTrade has formed a strategic partnership with Alibaba’s investment vehicle Yangting Internet Technology.

Ant Financial continues to expand its reach outside of China with a $200m investment in South Korean mobile giant Kakao finance subsidiary Kakao Pay.

Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Ant Financials’ core product is payments service Alipay.

Alipay, the online and mobile payments service operated by Alibaba subsidiary Ant Financial, is expanding into Europe.

Alibaba FinTech subsidiary Ant Financial is boosting its biometric capabilities through the acquisition of Kansas City-based EyeVerify.