The Mitsui, China Pacific, AmTrust, Tokio Marine and Intact Financial-backed automotive insurer is teaming with Insu Acquisition Corp. II to form a business with a $1.3bn valuation.

Western Union, which already partners the Saudi Telecom spinoff on cross-border money transfers, is acquiring a 15% stake in the digital wallet provider.

Tencent is reportedly injecting more funding into WeChat-powered healthcare insurer Waterdrop ahead of a potential IPO at a projected $4bn valuation.

The crypto anti-fraud software developer, which counts Mitsubishi UFJ Financial as an investor, has now raised $165m to date.

Swisscom took part in a Paradigm-led round that lifted digital asset wallet developer Fireblocks' total funding to $46m.

SoftBank Ventures Asia and Naver helped the mobile financial services provider push its overall funding past the $90m mark.

Northwestern Mutual Future Ventures was among the new investors in a series B round that took the estate planning app developer's overall funding to $23m.

Northwestern Mutual Future Ventures has reserved $20m for strategic investments in startups with black founders and formed a dedicated accelerator.

Tencent, Square and Telecom Italia unit TIM Ventures co-led an $80.6m round for the mobile payment platform developer alongside a $29.6m secondary investment.

The insurance comparison service will use the cash from the American Family and MassMutual-backed round for recruitment, geographic growth and technology development.