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.

Mexico-based ePesos, a credit and payment platform for unbanked companies, has received $6m from a consortium including Santander InnoVentures.

The financial services firm will get a board seat at the online mortgage lender through its participation in the company's $57m series C-2 round.

The Ant Financial-backed online lender floated above its range, while fellow corporate investor Kunlun Tech sold $14m of shares.

Experian has put $30m into BankBazaar, a financial services marketplace that previously obtained $60m in a series C round led by Amazon.

Digital Asset, backed by a host of corporates including IBM and CME, has raised more than $40m in series B funding, taking its total capital to $110m.