Wells Fargo Startup Accelerator has chosen Edquity, Hurdlr, Redrock Biometrics and SimSpace for its latest cohort.

The corporate venturing unit has launched a second fund, just over three years after putting $100m into its first.

American Express and Foxconn have contributed to a series B round for Abra, bringing the company's total funding to more than $35m.

SBI Group and Siam Commercial Bank contributed to the round, which will fund the mobile banking app developer's international expansion.

SoftBank invested in the online lending platform through a Silver Lake-led round that reportedly valued the company at $4.3bn.

The brokerage was among the prospective buyers that failed to meet SoftBank and Renren-backed SoFi's $8bn to $10bn valuation.

The insurance provider has partnered venture firm Rev1 Ventures to form a fund that will target innovative insurance and fintech startups.

Chernin Group and JPMorgan Chase-backed financial management app developer Dave has raised $13.3m, according to a regulatory filing.

The financial services company has formed a partnership with accelerator NXTP Labs as it looks to gain access to fintech startups in Latin America.

The financial services firm has agreed to purchase payment processor WePay, which had raised $75m from investors including Rakuten, for almost $300m.