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.

ITC Holdings-backed marketing technology producer Cardlytics is awaiting the right moment to go public, potentially targeting a 2018 flotation.

The financial services firm's ING Ventures fintech fund will continue work on investments that has so far included Kabbage, WeLab and R3.

QBE Ventures has selected RiskGenius as its first portfolio business, having launched with $50m in funding earlier this year.

SEB, Nordea and ABN Amro have contributed to a $16.4m round that took the mobile wallet developer's total funding to more than $31m.