The digital mortgage lender increased its valuation from $600m to $4bn in a series D round backed by Ping An and American Express Ventures.

The acquisition of insurance marketplace CoverHound comes after $112m in funding from investors including Hiscox, Chubb, MS&AD, Aflac Ventures, Ace Group and American Family Ventures.

Grab led a series B round for the digital wallet provider that also featured Telkomsel and corporate venturing units BRI Ventures and Mandiri Capital.

First Data and Salesforce Ventures are set to exit the digital commerce technology provider after it agreed to be purchased for $440m in cash and stock.

China-based financial services provider Ant Group, spun off by e-commerce group Alibaba, intended to float on the Shanghai and Hong Kong stock markets.

Ant Group, the financial services subsidiary of China-based e-commerce group Alibaba, was due to raise a targeted $37bn in a dual listing in Shanghai and Hong Kong but the mega-initial public offering was unexpectedly blocked by an intervention from financial regulators in Beijing at the eleventh hour.

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

Rakuten Alphabet and Progressive are in line for exits after the automated lending service filed to go public yesterday.

Gregg Tushaus will manage Corporate Central Credit Union's newly formed fintech investment vehicle, which will invest up to $400,000 per deal.

Daikin and Nippon Life are the latest LPs for the vehicle formally called Kansai Innovation Network, whose investors already include corporates Eneserve, Hankyu Hanshin, Iwatani, Rohto and Shionogi.