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.

Mastercard, Citi, Westpac and TD Bank Group have all participated in a $35m series C round for Flybits that was led by Point72 Ventures.

Visa took part in the $17.5m in a series A round, which increased the smart payment card and mobile app developer's total funding to over $20m.

CreditEase and existing investor Santander InnoVentures both took part in the round, which valued the digital payment card developer at about $250m.

WCF Mutual Insurance Company returned for a $47.5m round, which increased the cloud-based insurance software developer's overall funding to more than $70m.

Goldman Sachs has put $25m of funding into Raisin to drive an expansion into the US and into two additional European markets.