Reports suggest that the financial services firm has launched a fund sized at up to $30m and hopes to scale it quickly.

Tencent, Baidu, JD.com and BitAuto are all set to record exits, after the automotive financing platform filed to go public in Hong Kong.

International financial transfer platforms TransferWise and Remitly each announced nine-figure rounds last week, highlighting the growth of the sector.

Mitsui has come on board as an investor, in a round that valued the cross-border financial transfer platform at $1.6bn.

The payment platform has cancelled its IPO plans and raised $7.7m in a round backed by property developer Meydan Group.

Northwestern Mutual and Aurora Health Care have each put $5m into respective VC vehicles Cream City Venture Capital and InvestMKE.

Bond portfolio management platform BondIT has received $14.3m in funding from Fosun, which plans to help it expand in China.

The financial remittance platform, responsible for the transfer of about $4bn a year, is set to raise $115m in a PayU-led series D round.

Lendingkart unit Lendingkart Finance has secured $24.9m in debt and equity financing from backers including Tata Capital Financial Services.