The fund, affiliated with IIM Ahmedabad, has raised approximately $50m for its first close two years after first being announced.

CreditEase was among the investors that added $7m to the $5m game-based saving platform Blast raised in March.

Certify has bought real-time expense reporting and management platform developer Abacus for an undisclosed sum.

The Qualcomm-backed budgeting app developer has secured $40m to increase its funding to $52m altogether.

Insuers Macif and Securex and several banks joined an LP list that helped BlackFin's first venture fund to a $117m first close a year ago.

The cross-border payment platform has raised cash in a PayPal-led round also featuring Citi Ventures that will fund international growth.

The business-focused financial services provider, backed by Sina and Xiaomi, raised $103m in funding last month.

Existing investor Itochu led the consumer credit provider's latest round, boosting its overall funding to $80m.