Ant Financial secures USD 14 bln in funding round

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(Telecompaper) Ant Financial, the m-payment services provider carved out of Alibaba Group, has raised USD 14 billion in its latest funding round. The financing included a US dollar tranche backed by Singaporean fund GIC, as well as Warburg Pincus, Canada Pension Plan Investment Board, Silver Lake and Temasek, Bllomberg reports, citing an Ant Financial statement. A yuan denominated component of the funding was provided mainly by existing shareholders.
Source: Industry News (syndicated from Telecompaper.com)

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