Ant-backed ANEXT Bank remains in red even as revenue up nearly 7x in 2023

Ant-backed ANEXT Bank remains in red even as revenue up nearly 7x in 2023

Photo from ANEXT Bank's website.

ANEXT Bank, a Singapore-based digital wholesale lender backed by Chinese fintech giant Ant Group, saw its losses increase nearly 10% in 2023 as its revenue soared nearly 7x, according to regulatory filings.

Edited by: Deepshikha Monga