Alternative investment platform iCapital Network has added Morgan Stanley to a round already featuring UBS and BlackRock, taking its total funding to $50m.

The Citi and Northwestern Mutual Life-backed online financial advisor has raised $70m in a Kinnevik-led extension to the $100m it secured in March last year.

Shanda-backed Iqianbang has secured series B funding as part of a strategic partnership to help Shenzhen Grand Electronics expand into the financial sector.

Permira has become a strategic investor in Visa-backed payment services provider Klarna in a secondary transaction reportedly valued between $225m and $250m.

Alibaba's financial services affiliate has made an investment of undisclosed size in digital finance technology provider VFinance as part of a strategic partnership agreement.

The Jerusalem Innovation Incubator is set to obtain $25m from Reliance Industries, which helped launch the project last month alongside Yissum and others.

GE Ventures has led a $14.1m series C round for online health insurance marketplace Gravie, a year after the company received $1m from insurer Securian.

Bertelsmann Asia Investments was among the investors in an eight-figure round that will support product development and the financial product provider's growth in Korea.

Financial services platform developer Hairongyi has raised capital from investors including a subsidiary of consumer electronics producer Haier.