“Ant Financial accounted for 35% of global venture capital investment in fintech firms last year, according to CB Insights. The Chinese company started in 2004 as Alipay, a payment service for Alibaba. It blew past US-based PayPal in 2013 to become the largest provider of payments via mobile devices. Now, the platform offers a range of services including investing, credit, and insurance.”
China’s Ant Financial raised almost as much money as all US and European fintech firms combined
Quartz
