Fintech

Data stolen from the site, which includes sensitive information such as tax registration and national ID numbers, is now being sold online.

“Ant’s valuation is sure to be affected greatly as the microloan business accounted for almost half of the company’s entire profits.”

CapBay claims that since 2017, it has financed more than 9,000 transactions amounting to more than USD 192.6 million and has served over 500 SMEs.

Alibaba co-founder Jack Ma is in possession of 34% of Ant Group’s shares.

“Small is beautiful, small is powerful,” Ant Group says on its website.

Ant Group’s dual-listing in Shanghai and Hong Kong has been put on hold, pending further approval from regulators.

After rolling out Noon Pay in the UAE, the next destination is likely to be Saudi Arabia.

Fintech company brings credit to small businesses often shunned by banks.