Sector report: Fintech

Visa is thought to have invested $200m in a deal officially valuing Africa-focused payments services company Interswitch at $1bn.

CyberAgent-founded crowdfunding platform has applied for an initial public offering on the TSE Mothers Market that it expects will fetch it a $155m valuation.

Ucaidao has raised $40m in all having won the backing of Tencent, SoftBank, Alphabet, K11 and Agricultural Bank of China for its latest round.

Tiger Global Management sold a 10% stake to Tencent in a deal that valued PolicyBazaar owner ETechAces, whose backers include InfoEdge and SoftBank, at $1.5bn.

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

UTokyo Innovation Platform is among a long list of investors that have backed a $37.6m funding round for WealthNavi.

Opt, NEC, Sony, Sumitomo Mitsui Banking Corporation and Mizuho Bank are among a long list of investors that have backed a $37.6m funding round for WealthNavi.

Axis Capital and CNO Financial Group invested in health insurance portal Healthcare.com’s second funding round, proceeds of which will support product development and other growth objectives.

Freee has submitted paperwork for approval to list on the TSE Mothers Market next month, potentially offering exits to more than half a dozen corporates such as Line and Sharp.