Ant Group builds a 100 million euro fund
The money from the Alibaba subsidiary will primarily flow into fintechs from Europe. The Chinese want to invest up to five million euros per start-up.
The Ant Group is launching an investment fund for fintechs in Europe, reports Finance Forward. The first closing has already taken place. In the end, an investment sum of 70 to 100 million euros is to be raised. The fund, named A&T Capital, is managed by Jasmine Zhang.
The money will come from institutional investors; according to Finance Forward, the Ant Group will be the anchor investor. The Alibaba subsidiary Ant has built up the Alipay payment app, among other things. The fund will be managed from Shanghai, Singapore and Berlin. The focus is on fintechs from Europe, although A&T Capital is also looking for start-ups with blockchain technology worldwide. Other start-ups are also not categorically excluded. The investments amount to up to five million euros per start-up. The first financing has already been announced: Naos Finance from Taipei is receiving money from the Chinese fund.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectFYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
