Details

Last Funding Type

Series C

Last Funding Money Raised

$14B

Industries

Banking,Financial Services,FinTech,Payments

Founded date

Oct 1, 2014

Number Of Employee

5001 - 10000

Operating Status

Active

Ant Group aims to create the infrastructure and platform to support the digital transformation of the service industry. They strive to enable all consumers and small businesses to have equal access to financial and other services that are inclusive, green, and sustainable.

Formally established in October 2014, Ant Group’s origins date to 2004 when Alipay was created in the nascent days of e-commerce to solve the trust issue between buyers and sellers in online transactions. Their innovative payment solution bridged the trust gap, facilitated online transactions, and underpinned the development of e-commerce in China.

Having pioneered digital payments in China, Ant Group has since expanded its service offerings through technology and innovation to enable digital finance for consumers and businesses.

Their technology enables participants in commercial activities, including consumers, businesses, and partners, to build and strengthen trust among each other. They believe their new technologies, including their blockchain solution that they call AntChain, will continue to strengthen the foundation of trust in this digital era.