ALSO READMoneyGram deal collapse may force a re-think at Jack Ma's Ant Financial Jack Ma's Ant Financial plans $9 billion round of fresh funding: Report Alibaba third quarter revenue jumps 56%, buys 33% stake in Ant Financial US blocks MoneyGram sale to China's Ant Financial, cites security concerns US blocks MoneyGram sale to Ant Financial
Ant Financial’s latest round of funding, reported to involve Singapore’s Temasek Holdings Pte, is said to value the Chinese provider of mobile payments at about $150 billion - 50 percent more than Goldman Sachs Group Inc.’s market capitalization.
Ant the Giant
That would not only make Zhejiang Ant Small & Micro Financial Services Group the world’s most-valuable startup, it would jump the payments business founded by Alibaba Group Holding Ltd. Chairman Jack Ma into the top 15 among banks, insurers and credit providers by market value.
Ant Financial is seeking to raise at least $10 billion in a funding round, according to reports by Bloomberg, citing people familiar with the matter. At a $150 billion valuation, the operator of Alipay and a money-market fund would rank 14th among financial-service firms.
China's biggest fintech company's valuation joins elite club of lenders and insurers.