LexinFintech, the instalment buying platform operator backed by Bertelsmann, JD.com and Taikang, had initially targeted $500m in the offering.

Insurer Allianz has invested $96.6m to become the largest strategic shareholder in mobile insurance and health platform Bima.

Digital insurance platform Lemonade has raised $120m at a $500m+ valuation, in a SoftBank-led round that included GV, Allianz and XL Innovate.

Salesforce Ventures and MassMutual Ventures both invested in the financial services CRM software producer as part of a Wavecrest Growth-led round.

Conglomerate IDB Group has invested in localised currency platform Colu and a presale for its cryptocurrency, Colu Local Network.

Mastercard and the BBVA-backed Propel Venture Partners have contributed to a series B round that will support product development and growth.

Existing investor Rocket Internet has returned to take part in an $11.8m round for online business lending startup Billie.

Grupo Coppel has led a $50m series D round for Insikt, an online lender to the underbanked, whose existing shareholders also include Rakuten.