Ant Bank (Hong Kong) receives $100m investment for growth and innovative financial products

From Yahoo Finance: 2025-04-24 08:23:00

Ant Bank (Hong Kong) receives a $100m investment from Ant International to enhance services and forge partnerships. The funding will enable the development of innovative financial products and tailored solutions for customers, aligning with Hong Kong’s digital finance sector evolution and Smart City goals.

Ant Bank introduces various financial services utilizing Ant International’s resources, including eM+ High Yield Account, Ant Bank PayLater, personal revolving loans, and fund investments starting from HK$1. The digital bank integrates with AlipayHK to enrich the service ecosystem and offer a comprehensive lifestyle platform.

To promote its services, Ant Bank launches a campaign offering up to 4.3% annual interest rate on deposits for eM+ High Yield Account holders and new users from 22 April to 30 May 2025. CEO Yvonne Leung emphasizes the commitment to providing convenient, secure, and diverse services to Hong Kong residents and contributing to economic development.

Ant Bank employs advanced technologies for identity verification and transaction monitoring, including anti-deepfake measures and intelligent risk control systems. Ant International Greater China general manager Venetia Lee expresses optimism about Hong Kong’s future, reflecting confidence in the local market and commitment to integrating financial services with the economy.

Established in 2019 and opened in 2020, Ant Bank (Hong Kong) holds a banking license from the Hong Kong Monetary Authority. The $100m funding aims to support growth and innovation in the digital banking sector, aligning with the “FinTech 2025” strategy and enhancing financial inclusivity in Hong Kong.



Read more at Yahoo Finance: Ant Bank (Hong Kong) receives $100m funding for growth