The insurance firm has followed its $50m first fund, launched two years ago, with the $150m Northwestern Mutual Future Ventures Fund II.

Philippines-based Union Bank has allocated more than $9m annually to its UBX subsidiary to pursue financial technology opportunities.

The digital life insurance provider has sourced $12.6m in a series A round that included RGAx and Anthemis Exponential Ventures.

SoftBank and Renren-backed online financial services provider SoFi is now valued at $4.8bn following a $500m round led by QIA.

Tencent is in talks to participate in a $1bn round that would enable the mobile payment platform to spinoff from parent company Flipkart at a valuation of up to $8bn.

Alphabet and Roc Nation-backed trading app developer Robinhood is reportedly looking to secure funding at a valuation of more than $7bn.

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

Online investment management service Wealthsimple secured $74.6m in an Allianz X-led round that also featured long-standing investor Power Financial.

The GCV Symposium finished up with a discussion with Dominic Maffei of SC Ventures and Erica Young from Anthemis Group concerning the impact of fintech on big banks.

The Orange-backed electronics financing provider has increased its total equity and debt financing to $70m with a Greylock-led series B round.