The online payment platform will partner Village Capital on local fintech venture development schemes in the US, India and Latin America.

The Alibaba-affiliated financial services provider is in talks with new and existing investors and is set to raise the money at a valuation of up to $60bn.

Nate McKinley will take on the role of financial services provider USAA's head of corporate development, almost a decade after joining the firm.

Financial technology developer Borrowell has secured $6.4m from investors including Power Financial Corporation.

Sumitomo Mitsui Financial Group, an investor since late 2014, exited invoicing software company Misoca through a purchase by Yayoi.

The bank, which already runs a startup accelerator called UniCredit, is investing the money as part of a larger digital evolution initiative.

Fidelity Investments has led a $400m round as the Alphabet-backed health insurance provider looks to grow its service to a million users within five years.

VMWare has returned to back recurring revenue management platform Aria Systems' latest round, after previously supporting a $40m series D in 2013.