ANEXT Bank has received US$148 million in added capital from its parent company Ant Group, following a US$188 million investment last year.
- Company Overview: Founded in 2022, ANEXT Bank bank focuses on local and regional MSMEs, especially those dealing with cross-border transactions.
- Parent Company: Ant Group set up ANEXT Bank after winning a digital wholesale bank license from the Monetary Authority of Singapore. Ant Group now holds 100% shareholding and has invested over US$503 million in Anext Bank.
- Client Base: In June 2023, 65% of ANEXT Bank’s clients were considered micro businesses. 33% of its total client base were businesses incorporated just two years before opening an account with ANEXT Bank.
