Singapore-based Ant International raised $1.2 billion in its Series A funding round.

Ant Group and Alibaba Group participated in the financing alongside several undisclosed international institutional investors.

The company will use the capital to accelerate international growth and innovate in merchant payments and account management.

Ant International spun off from Ant Group in 2024 to operate as an independent entity.

The firm currently maintains operations across Asia, Europe, the Middle East, and Latin America.

Its core business lines include Alipay+, Antom, WorldFirst, and Bettr.