The company, backed by Great Lakes Higher Education, has collected $10m in series B funding.

Alphabet-backed lending platform Upstart has attracted Rakuten as a lead investor for its $32.5m series D round.

The round, first rumoured a month ago, will be led by Alibaba with a $177m injection and value Paytm E-Commerce at $1bn.

The round has closed at $13.4m following an extension provided by Fenox Venture Capital, which has joined existing backers such as Nihon Kotsu, Recruit and Kyoto Bank.

IDG Capital has participated in an $11m funding round for CreditEase Insurance Agency, a subsidiary of CreditEase.

Home Credit Group has led a $16m funding round for Nymbus, which provides core banking technology.

Baloise has committed $50m to an investment vehicle operated by Anthemis to identify opportunities in insurance technology startups based in Europe and the US.

Orange Digital Ventures has supported a $24.5m funding round ahead of a $3.1m equity crowdfunding campaign.