New Round of Funding Values Ant Financial at more than $100bn

Ant Financial is looking to raise a new $5bn round that would take the company’s value north of $100bn; the FT reports that the new round might begin later this month; if the valuation is as much the company would be worth more than Uber who right now is worth about $68bn; the biggest reason behind such a lofty valuation is the data collected on users according to Thomas Olsen, partner at Bain consultancy. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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