PayActiv develops technology that helps employees access earnings early, and has followed up seed funding from SoftBank with $9.2m of new funding.

Holtzbrinck Ventures led the round, which the share trading app developer will put toward marketing, product development and hiring.

Citi Ventures has made a strategic investment in business finance marketplace C2FO, adding an undisclosed amount to the $70m it had already raised.

The $30m JP Morgan Chase-backed Financial Solutions Lab will invest up to $3m in graduates from its next batch of startups, and is accepting applications now.

Insurance Australia Group aims to set up a direct investment unit that will operate under its innovation division, IAG Ventures.

The bitcoin payment processing startup has received funding from investors including bitcoin miner Cumberland and bitcoin hardware producer Bitmain.

The mobile payment platform has now raised $51m in total, with Rocket Internet, Smart Communications and Holtzbrinck Ventures among its backers.

Tengelmann's corporate venturing subsidiary joined Dieter von Holtzbrinck-backed DvH Ventures and B-to-V to fund Compeon's series A round.