The Ping An-backed trading platform has put its plans for initial public offering on hold and is instead seeking up to $2bn in funding at a valuation of $40bn.

Life insurance platform Ethos has emerged from stealth with backing from investors including Stanford University as it looks to drive business growth and product development.

Famous Group and Plentiful International have provided $65m in series D funding to 9f Group, a fintech developer already backed by Susquehanna International Group.

Scor Life and Health Ventures will invest in the life insurance sector and has made its first deal by committing capital to health and wellness company iBeat.

Sun Life Financial and La Capitale are among the limited partners in Luge Capital, a venture capital fund focused on the fintech sector.

The payment processing firm has launched a $100m investment fund to invest in European fintech startups and created a fast-track onboarding program.