Jack Ma-Backed Ant Makes Fresh LatAm Bet With Fintech Investment

Jack Ma-Backed Ant Makes Fresh LatAm Bet With Fintech Investment

The international arm of Ant Group Co., the online finance company co-founded by Jack Ma, is making inroads in Latin America through a strategic investment in embedded lending firm R2.

Ant Invests in R2 to Boost LatAm Embedded Lending

Payments FinTech Ant International is investing in Latin American embedded lending infrastructure company R2. The investment, announced Thursday (Oct. 30), is aimed at expanding access to credit for small and medium-sized enterprises (SMEs) throughout the region. “R2 enables digital platforms to offer financing solutions quickly and securely through an API-based, end-to-end white-labeled experience,” the companies said in a news releas…

Ant International Invests in R2 to Boost LATAM SME Credit Access

Ant International is deepening its push into Latin America with a strategic investment in R2 to expand credit access for SMEs in a region facing a gap of more than US$1 trillion. Financial details were not disclosed. The partnership builds on Ant International’s experience in digital finance and R2’s embedded lending technology. R2’s API-based, white-labeled system enables merchants to access financing directly within the platforms they already …

R2 Joins Ant International to Expand Credit Access for SMEs in LATAM

Ant International announced a strategic investment in R2, the leading embedded lending infrastructure company in Latin America (LATAM).