Ant Financial: Raise $1B fund for Southeast Asian and India start-ups
- Ant Financial is looking to back more startups in India, Southeast Asia that focus on payments and online finance
- The $150 billion company already has an investment history in India
- Ant Financial holds stakes in regional players including Indian payments giant Paytm
- Foodtech company Zomato, based in Indian city Gurgaon, also saw Ant Financial lead its $60M funding round
- Southeast Asia’s digital lending market expected to more than quadruple to $110B by 2025
- Ant Financial is also planning to apply for a virtual banking license in Singapore
