Ant International Raises $1.2 Billion to Boost Cross-Border Payments

Global payments and FinTech firm Ant International has raised $1.2 billion in new funding. This Series A equity financing will allow Ant to improve on its cross-border payments and agentic commerce offerings, the company said in a Monday (July 20) news release . The release added that the proceeds will help boost the company’s merchant payment, account management and other financial services for small and medium-sized businesses (SMBs) and enterprises around the world.