Ant Group offers digital support to SMEs through new subsidiary
The tech giant has launched ANEXT Bank to help regional SMEs expand overseas. Through partnership with MAS-backed Proxtera, the pair will help Asian corporates secure financing.
Last week, Singapore-licensed Ant Group subsidiary, ANEXT Bank, announced its soft launch. The digital wholesale bank plans to provide services to local and regional corporates that are looking to expand internationally. Its specific target clients comprise micro, small and medium enterprises (MSMEs).
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