Convoy has led a $37.2m round for digital wealth manager Nutmeg, doubling its total funding to about $74m in the process.

The Russia-based bank invested in companies including Uber and eToro from the $100m first fund and is seeking between $200m and $250m for the second.

Fintech was on the agenda at the Web Summit conference in Portgual, which was attended by 53,000 people last week.

Each of the 10 oil and gas companies will invest $100m in the fund, which is expected to last for 10 years and complement other investments made in reducing emissions.

Credit Suisse, Swisscom, UBS, PwC Switzerland and Raiffeisen will test five startup innovations following Kickstart's 11-week accelerator program in Zurich.