Hiscox is set to exit digital insurance processing platform Indio Technologies in an acquisition by Applied Systems that follows $28m in venture funding.

Mobile bank operator Chime has closed a $500m series E round at a $5.8bn valuation – an increase of $4.3bn in nine months – backed by Access Industries.

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

Mac Ventures will receive support from Yeshiva University business school students, making early-stage investments in a number of tech-oriented sectors.

MUFG Innovation Partners contributed to a round that boosted the valuation of the blockchain-based lending platform to $1.2bn.

Stripe-backed payment localisation platform Rapyd raised the cash from Durable Capital Partners at a reported $1.2bn valuation to help drive its merger and acquisition strategy.

SoftBank Innovation Fund helped the business lending platform increase its total funding to more than $140m as it looks to expand its services.

Half a dozen startups will make up the 11th batch of staffing services firm DIP's 12-week AI.Accelerator initiative.

Green Shield Canada, Alterna Savings and several insurers chipped in as the fintech-focused venture firm closed its second fund.

The e-commerce credit provider closed a $90m round co-led by the Naver-backed Asia Growth Fund that included Telkomsel Indonesia and Singtel, at a $500m valuation.