Ant Credit financing program by Ant Financial Services Group, IFC, and Goldman Sachs

Ant Financial is an online payment service provider affiliated with the e-commerce company Alibaba. As noted above, it announced in January 2015 that it would set up a financing program for female entrepreneurs. Ant Credit provides small online loans and says many of its current clients are women who sell products on Alibaba marketplaces, Taobao and Tmall. It is operated in partnership with Goldman Sachs’ 10,000 Women Initiative, an entrepreneurship training program for women in emerging markets. Ant Financial is involved in other innovative activities, such as building credit-scoring systems using online data.