Ant Financial was founded in 2014 by Lucy Peng. The company filed registration documents with the Hong Kong and Shanghai exchanges in August 2020 in advance of a planned Initial Public Offering.
Ant Financial is a fintech company offering mobile payment processing services, consumer loans, wealth management, credit rating services and a financial services cloud platform, enabling consumer and enterprise users to access a wide variety of financial services. The company has raised over $20 billion in Venture Capital funding from investors including Access Technology Ventures, Baillie Gifford, BlackRock, FJ Labs, Sequoia, Golden Partners Capital, General Atlantic, and Temasek Holdings. It has been widely reported that Ant Financial last raised $14 billion in June 2018 at a post-money valuation of $150 billion.