The Xiaomi-backed digital brokerage closed the round at a valuation of more than $1bn and will spend the cash on hiring and R&D.

CNA Financial, NN Group and an unnamed insurance provider have supplied $75m for MTech's InsureTech fund, which has targeted a $150m close.

T. Rowe Price Associates led a series D round that valued GV-backed point-of-sale system developer Toast at $1.4bn.

JD.com's financial services spinoff has raised at least $1.95bn at a reported $18bn valuation from backers including Bank of China and CICC.

The JD.com, Xiaomi, InTime and SIG-backed personal finance product provider is set to price its shares at the bottom of the IPO's range.

Crowdfunded investment platform Republic has secured funding in a round co-led by Binance's venture capital and incubator arm.

The online lending marketplace, which counts Alibaba, Tom Group, Nan Fung, ING and Ule as investors, was previously reported to be targeting $500m.

The specialist insurance network has received $19.8m in a CommerzVentures-led round backed by Marsh and Munich Re/HSB Ventures.