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Bangkok Post
Bangkok Post
Business

Ant digital bank expands in Singapore with small business loans

Ant Singapore United States Ant Group Ant Group Co fintech
A woman wearing a protective mask passes by a sign of Ant Group during the World Artificial Intelligence Conference in Shanghai on Sept 1, 2022. (Reuters photo)

Ant Group Co’s Singapore digital wholesale bank will start offering loans to small and medium-sized businesses, as the Chinese fintech giant extends its reach in the city-state.

ANEXT Bank, which started its services in June, said it will give smaller companies loans ranging from S$5,000 (133,500 baht) to S$100,000. Customers can also apply for ANEXT Bank’s loans via IN Financial Technologies and Bizmann System. 

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