CreditEase FinTech Investment Fund joined existing investor Alibaba Hong Kong Entrepreneurs Fund in business financing platform Qupital’s latest round.

The First Data-backed payment automation software developer has notched up $50m in a Great Hill Partners-led round, boosting its overall funding to near $70m.

PayPal, Mastercard and existing investor Creditease Fintech Investment Fund helped provide $33m for the female-focused investment platform.

CPFL Energia’s strategy and innovation specialist Danilo Leite has been hired by peer Votorantim Energia as an innovation manager.

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

Alibaba and Tencent have reportedly supplied $77m in funding for Baiwang, though the electronic billing software producer has disputed the size of the round.

Bridgepoint could take a majority stake in Kyriba in a deal that would allow HSBC, Mitsubishi UFJ Financial Group, Bred Banque Populaire, Mizuho Bank and American Express to exit.

Paytm owner One97 Communications is reportedly seeking between $1bn and $2bn in a SoftBank Vision Fund and Ant Financial-backed round, at a valuation of up to $18bn.

The healthcare-focused crowdfunding service collected $74.5m in the Tencent-led round, which will be used to add AI technology to its insurance platform.

OUI’s first social enterprise spinout, Sophia Oxford, will implement a multidimensional poverty index and standards intended to help corporates respond to the needs of workforces.