PayPal has named the five next fintech startups that will participate in its India-based incubator, taking a stake of undisclosed size in each one.

Meixin has closed a series A of more than $5m, following reports in July that Bertelsmann Asia Investments had contributed to an eight-figure round.

Susquehanna International Group is among a consortium of backers that have supplied a total of $30m in angel and series A capital for Abcfintech.

Vertex Ventures has exceeded the $150m target for its latest fund, securing external investment for the first time from Kasikornbank.

Healthcare crowdfunding platform Shuidi has collected $24.3m in a series A round co-led by Tencent and BlueRun Ventures.

Beijing Kunlun Tech-backed Kaistart has added $29m to its coffers in a round led by Yunfeng Capital.

The payments and fintech group has allocated a total of $23m to investments in fintech startups and verticals in India.

Fangsiling, backed by Baidu, Fengjr and 5i5j.com, operates a platform that enables tenants to pay deposits in instalments and offers flexibility for collecting monthly rent.