Travelers Companies, Scotiabank and Bank Hapoalim are among the LPs for Viola FinTech, which has raised $100m of a $120m to $150m target.

Victory Park Capital, which provided debt financing to Rocket Internet-backed luxury online pawnbroker Borro in 2014, has bought a majority stake in the company.

Rakuten has exited payment processing platform WePay in an acquisition by JP Morgan Chase for between $300m and $400m.

In 2015, AARP and bank JP Morgan set up the AARP Innovation Fund to target startups developing technologies and services for customers aged 50 and above.

The accounting, audit and tax software developer has secured $7.8m in a series A round featuring XBTO and will use the funds to continue developing its platform.

Blockstream has raised cash from DG Lab Fund I, the investment vehicle formed by Digital Garage and Daiwa Securities, taking its total funding to $80m.

Alibaba-backed online lending marketplace WeLab is seeking to raise up to $500m in an initial public offering on the Hong Kong Stock Exchange.