Suncorp and Guidewire have backed a $25.5m round for Trov, which operates a mobile app that enables users to easily insure their belongings.

The banking group has launched a venture capital arm dubbed Neva Finventures with $34m in funding that is expected to be eventually boosted to $113m.

The Europe-based mobile payment technology providers, collectively backed by Groupon, Amex, Tengelmann, BBVA and MePay, have agreed a merger deal.

MicroMax co-led the digital payment technology provider's series C round, which will go to hiring, product development and the introduction of microcredit.

Alibaba's financial services affiliate has raised funding from backers including China Post and China Life as the country's tech companies continue to close 10-figure rounds.

Americas Tax Innovation Foundry will develop technology in-house as well as hooking up with external startups.

Automated micro-investment service Acorns has raised $30m from backers including Rakuten and PayPal to take its overall funding to $62m.

The financial services firm has opened an innovation lab in Silicon Valley in partnership with IBM, following similar initiatives in London and Berlin last year.

Electronic billing software producer Transactis increased its total funding to $70m, securing $30m from five banks, each of which contributed $6m.