Volvo's financial services subsidiary has launched an accelerator with L Marks dubbed iLabX in order to access technology from startups.

The digital bank, whose shareholders include Orange and Stripe, has added $108m to its coffers in a round led by General Catalyst that valued it at almost $1.3bn.

The NYSE, BBVA, USAA and NTT Docomo-backed cryptocurrency trading platform and wallet developer is now valued at $8bn after a Tiger Global-led series E round.

Sina invested $5m as online financing platform Pintec, which also counts Xiaomi as an investor, went public in a $44.3m initial public offering.

Guohua Life Insurance and 58 Group supplied series B funding for online insurance platform Wukongbao, adding to $15.3m in pre-series A funding in 2016.

The Brazilian payment and commerce services provider floated above its range and raised an extra $100m from Ant Financial through a private placement.

Nomura Holdings, Daiwa Securities, Mitsubishi UFJ, Sumitomo Mitsui Financial and Mizuho Financial will aim to raise up to $1.78bn for the fund, in partnership with China Investment Corporation.

Brazil-based fintech companies have been on the news in recent times, showing the potential of the South American country’s ecosystem.

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

The corporates will establish a blockchain lab to look at applications using the cryptographic record system while also running related workshops and competitions.