Post Tagged with: "ant financial"

Will Stripe’s New Funding Lead to an IPO?

Will Stripe’s New Funding Lead to an IPO?

by November 28, 2016 at 3:40 pm 1 comment

Digital payments startup Stripe, begun back in 2000 by a pair of Irish brothers, has just raised new funding that values the company at just over $9 billion—and incidentally makes its founders the youngest billionaires in Ireland. In all, $150 million in new capital was raised. This brings the company’sRead More

JD.com Considers Spinning Off Risk-Scoring and Lending Unit

JD.com Considers Spinning Off Risk-Scoring and Lending Unit

by November 16, 2016 at 1:41 pm 1 comment

Payments is a great business to be in — in China, that is. The Chinese e-commerce giant JD.com announced it is considering the sale of its internet finance unit, JD Finance, “in order to facilitate its development in certain licensed financial service businesses in China, and to take advantage of theRead More

Alipay on Track for $16 Billion+ in Transactions on #SinglesDay

Alipay on Track for $16 Billion+ in Transactions on #SinglesDay

by November 11, 2016 at 10:58 am 1 comment

During the first two hours of the annual 11/11 Global Shopping Festival, or Single’s Day as it is more commonly known, the Alibaba Group generated just about $7 billion USD of GMV within the first two hours of the holiday. Alipay transactions accounted for 84% of that total amount. Alipay isRead More

Is the Future of Finance Biometrics? Ant Financial Pays $70M to Find Out

Is the Future of Finance Biometrics? Ant Financial Pays $70M to Find Out

by September 14, 2016 at 11:18 am 0 comments

Financial technology may be evolving at a rapid pace, but well, so is financial crime — meaning that the security of online and mobile payments is a constantly developing area and nowhere more so than biometrics. This is obviously of interest to financial institutions across the globe, like the companyRead More

Is Fintech in China Red Hot or Cooling?

Is Fintech in China Red Hot or Cooling?

by July 29, 2016 at 11:31 am 0 comments

It would seem that numbers are making Shanghai the new world capital of fintech. One number is 1.3 billion, which is the population of China. Another number is $2.4 billion, which is the amount of funding that poured into China’s fintech sector in the first quarter. But a closer look reveals some cracks in the facade.Read More

Ant Financial to Sign Up a Third of the World

Ant Financial to Sign Up a Third of the World

by June 14, 2016 at 11:53 am 0 comments

Aim big, they say. Ant Financial did just that. The Alibaba affiliate that operates the digital payments platform Alipay, Ant Financial  said this week it will sign up 2 billion users in 10 years for the pipeline of its fintech businesses. Those include digital payments, wealth management, financing, insurance, andRead More

Uber Deal Bolsters Alipay as ‘Global Lifestyle Super App’

Uber Deal Bolsters Alipay as ‘Global Lifestyle Super App’

by May 3, 2016 at 10:51 am 1 comment

Uber’s deal with Alipay is more than just a win for riders of black cars. The deal moves Alipay further toward its goal of becoming a “global lifestyle super app” — Alipay’s words, not ours. Ant Financial, which operates Alipay, recently raised $4.5 billion in what is being called the largestRead More

Asian Fintech Deal Sizes Dwarfed Those of U.S. in 2015

Asian Fintech Deal Sizes Dwarfed Those of U.S. in 2015

by March 9, 2016 at 2:13 pm 0 comments

Asian fintech deal sizes dwarfed U.S. deal sizes in 2015, a new report from KPMG and CB Insights shows. Global fintech funding skyrocketed in 2014 and 2015, but tapered off in the fourth quarter of 2015, with the implication that 2016 won’t be so sweet, according to the report. But yesterday’s AntRead More

Ant Financial Raises $3.1 Billion on $50 Billion+ Valuation

Ant Financial Raises $3.1 Billion on $50 Billion+ Valuation

by March 8, 2016 at 12:57 pm 0 comments

The name might indicate something small, but Ant Financial is anything but. The spinoff of Alibaba is valued at over $50 billion and plans to raise a heap more, according to the Wall Street Journal. As China’s highest-valued internet finance company, Ant Financial Services Group will raise 20 billion yuan ($3.1 billion) on aRead More

Coolest Brands 2016: AlipayThe Numbers Gamer

Coolest Brands 2016: Alipay

The Numbers Gamer

by February 16, 2016 at 8:45 am 2 comments

PayPal is to eBay as Alipay is to Alibaba. Only on steroids. To heck with Super Bowl ads — the coolest alternative payments company on the planet is Alipay. So China’s economy is stalling. So regulation gives Alipay advantages over even MasterCard and Visa. Alipay is a payments startup onRead More