Overview
- The Singapore-based Ant International is in early-stage talks to raise roughly $1 billion at an implied valuation above $10 billion, with no deal announced and existing backers reportedly approached.
- The unit has been profitable for eight straight quarters and generated an estimated $3.7 billion in revenue in 2025, making the raise look aimed at faster growth rather than survival.
- Alipay+ is the core growth engine, linking local wallets and payment systems across 100+ markets and connecting about 150 million merchants with more than 2 billion consumers.
- Ant is extending blockchain settlement through its Whale/AntChain infrastructure and a 2025 partnership with Circle to use USDC in parts of cross-border flows, and it is pursuing stablecoin licensing and regulatory sandbox work.
- The 2024 governance split that gave Ant International its own board means a successful fundraise could strengthen plans for a future standalone listing and speed cheaper, faster cross-border payments for merchants and small businesses.