Mastercard and PayPal-backed fintech developer Pine Labs has collected $285m in primary and secondary financing.

Embassy Group seeks to leverage Pi Labs' network in the property technology sector following an investment in VC firm’s third fund.

Kyocera, Mitsui Fudosan and Japan Post hepled satellite technology developer Axelspace complete its series C round while PayPal is buying portfolio company Happy Returns.

Short-term accommodation provider Cohabs secured more than $70m in a round led by AG Real Estate, while Stampli, Impress and Tarana Wireless each raised $50m.

Q&A with Tony Tung, managing director, Gobi Partners and Alibaba Hong Kong Entrepreneurs Fund

The digital currency exchange platform will fund early-stage companies, decentralised finance projects, NFTs and mergers and acquisitions through Huobi Ventures.

The fraud prevention software developer has boosted its total funding to $114m having receiving a capital injection from SoftBank, PayPal, Microsoft and Wells Fargo.

Human resources software provider Legion and edge cloud services provider Zenlayer each received $50m while Intel is exiting Sedona Systems in a $100m acquisition.

Existing investor SoftBank is participating in a $1.5bn PIPE financing for the digital mortgage services provider as it looks to merge with Aurora Acquisition Corp.

Existing investor FIS returned to help payment network operator CloudWalk increase its funding to $206m altogether.