Financial services provider Consorcio has partnered HCS Capital Partners and will invest $20m in Latin America-based fintech startups over the next five years.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

While slightly less than the 16 generated by UC Davis past year, the university remains pleased with the performance of internal tech transfer operations.

Recruit Strategic Partners, Brand Capital and Visa have backed the series D round, which the digital payment platform developer plans to close at $25m.

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

ZhongAn invested $145m into its fintech-focused unit as part of a $285m funding round that also featured Sinolink Worldwide.

Venture capital firm Sierra Ventures has received LP commitments from several undisclosed corporates to reach a $215m close.

Pedro Begotti, who was mostly recently responsible for Banco do Brasil’s corporate venturing initiatives, has become head of innovation and corporate venture at Banco ABC Brasil.

Tencent and Allianz X, both backers in the first $300m series D tranche, have returned for a $170m extension that boosted N26’s valuation to $3.5bn.

Visa has acquired the cloud-based payment processing software provider Payworks, one of its portfolio companies, also handing an exit to Commerzbank.