You

Name

Ant Financial

Company

Ant Financial

Company

Innovator Type

Producer

Sectors

Payments

Head of Innovation

Mr Charlie Innovation

Headquartered

Xihu District

Country

China

About

Ant Financial, formally known as Alipay, which is the world’s leading third-party payment platform. Ant Financial is dedicated to creating an open ecosystem, providing inclusive financial services to small and micro enterprises and individual consumers.”” The demand for our customer focused solutions has accelerated, driven by regulatory (MIFID2, CSDR), Tax (871m, QDD, Tax platform) and Operational software solutions. Internal efficiencies, compliance and contra revenue saves within Capital market participants and Meritsoft’s ability to deliver solutions that are global first’sin the market have been key. The efficiencies of using Meritsoft means our customers achieve millions of pounds worth of savings every year, regulatory compliance and funding and capital saves. The long-standing nature of our clients is testimony to the innovation of our technology.

website

Employees

7000

Founded

2010

Total Funded

$268,140,000

Website

https://www.antfin.com

Company Linkedin

https://www.linkedin.com

Company Blog

https://www.antfin.com

Company Twitter

https://twitter.com/

Auditors

Mr and Mr Auditors

Advisors

Mr & Mr Advisors

Solicitors

Mr Solicitors

M&A

Mr M&A

Current Innovation Product

Innovation Product Name

Green Finance

Innovation Product Details

Ant Financial-run MYbank provides preferential credit for users who purchase fuel-efficient vehicles in rural areas and partners of Cainiao Logistics who switch to environment-friendly electric vehicles. MYbank will continue to support green enterprises in the future.

Ant Financial has cooperated with over 90 fund companies within the field of green funds. At present, there are more than 80 green industry theme funds on its Ant Fortune platform. That is why Ant Financial is the only Internet Finance company in the Green Finance Committee established by the China Society for Finance and Banking, a research institute under China’s Central Bank, the People’s Bank of China.

Ant Financial has also begun to actively participate in green finance. For example, Changzhou Eversafe Public Bicycle System Co., Ltd. launched its “barcode-enabled, deposit-free bicycle rental service” through cooperation with Alipay and Zhima Credit. From its launch in September 2015 to the end of April 2016, the system had provided convenient green transportation services for 30 million people, which reduced carbon emissions by 20,000 tons. At present, over 200,000 people use deposit-free Eversafe public bicycles every day, which is equivalent to planting 20,000 trees in the city.

In 2015, Ant Financial eliminated paper receipts and documents through Alipay’s conversion to electronic documents, which has decreased annual carbon emissions by 200,000 tons, which is equivalent to planting 2 million trees. Through convenient online payments, which free people from having to run errands, and moving to electronic documents, Ant Financial achieved a 354,000-ton decrease in carbon emissions nationwide and saved 3.54 million trees.

In the future, Ant Financial will continue to develop China’s green financial system and green financial instruments, promote participation among consumers and investors in green finance, and to guide small and micro enterprises to practice green finance as a means to delivering on China’s broader green production and consumption goals.

Ant Financial

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