Ant Financial Services Group, the Chinese fintech giant, is planning a funding round that could fetch a valuation similar to the world’s biggest and oldest banks: The digital payment company is raising as much as $5 billion in equity that may value it at more than $100 billion, according to Reuters.

Comparing market capitalizations of public companies with a private company’s valuation is an imperfect exercise. But in the broadest sense, and accepting these limitations, it shows investors think prospects for next-generation companies like Ant Financial are comparable to top-tier institutions like Goldman Sachs, which had a $94 billion market cap at the time of writing.

Ant Financial valuation versus banks’ market capitalizations

JPMorganBank of AmericaChina Construction BankMitsubishi UFJANT FINANCIALBNP ParibasMorgan StanleyGoldman SachsBarclaysCredit Suisse$382 billion3122651001009794944643JPMorganBank of AmericaChina Construction BankMitsubishi UFJANT FINANCIALBNP ParibasMorgan StanleyGoldman SachsBarclaysCredit Suisse$382 billion3122651001009794944643

Data: Reuters, Investing.com | Feb….