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Ant International Invests in Latin American Fintech R2 to Expand Lending
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Heartspace News Desk
•Source: Bloomberg.com
Photo by Carlos Ramírez on Unsplash
TL;DR
Ant International, a division of Ant Group, is investing in the Latin American fintech company R2, an embedded lending firm focused on providing credit solutions to small and medium-sized enterprises. This investment, a primary capital injection, aligns with Ant International's strategy of integrating financial services within existing business ecosystems.
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Key takeaways
- Ant International, the global division of Ant Group Co
- co-founded by Jack Ma, is making a strategic investment in Latin American fintech company R2, according to Bloomberg
- The investment involves a primary capital injection into R2, an embedded lending firm specializing in providing credit solutions to small and medium-sized enterprises (SMEs)
Ant International, the global division of Ant Group Co. co-founded by Jack Ma, is making a strategic investment in Latin American fintech company R2, according to Bloomberg.com. The investment involves a primary capital injection into R2, an embedded lending firm specializing in providing credit solutions to small and medium-sized enterprises (SMEs). This partnership aligns with Ant International's broader strategy of embedding financial services within established business ecosystems. Financial details of the agreement were not disclosed.
Related Topics
Ant InternationalR2fintechLatin AmericaSME lending
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