The Coinbase-backed blockchain payment platform provider has secured $20m from investors as it unveils a remittance and peer-to-peer payments mobile app.

Allianz will receive a minority stake in the financial services technology provider after agreeing to invest $42.2m in funding.

Fund for early and growth-stage startups targeting blockchain, decentralised finance (DeFi) and digital assets.

Brandon Gath, previously head of corporate development at Kraken, has been made general partner of Kraken Ventures.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

The financial services and insurance group had initially earmarked about $100m for strategic investments in 2017 and has since backed 25 companies.

Wanxiang's HashKey Capital vehicle is among the backers for the blockchain accelerator's venture capital fund.

Alphabet and Ping An are in line for exits after the online health insurer filed to float on the New York Stock Exchange.

LendingTree-backed finance and investment platform operator Stash’s latest round took its total funding to $417m and valued it at $1.4bn.

Intact Ventures led an $11.5m round for the business insurance software provider that was also backed by Lackawanna Insurance Group.