The country is reportedly planning to let commercial banks create venture capital units to invest in technology startups.

IBM and Goldman Sachs invested $10m in the blockchain technology startup, which raised $50m from 13 corporate investors last month.

Student loans marketplace College Ave Student Loans took its overall equity financing to $40m in a Comcast-backed round.

Morningstar increased its stake in PitchBook to 20% with a $10m investment that valued the financial data platform at $160m.

Global Blue made its second investment in the foreign currency exchange service, which aims to grow its 75 airport kiosks to as many as 300 by the end of this year.

WeBank, a financial services affiliate of internet company Tencent, is raising its first external funding at a $5.5bn post-money valuation.

Northwestern University backs Solovis, a portfolio management software developer, following its becoming a customer of Solovis for its endowment last year.

PayPal-backed restaurant ordering platform Olo has received $40m from Raine Group, taking its total funding to almost $55m.

A total of 13 financial services firms have backed a $50m funding round for Digital Asset, a developer of distributed ledger technology software.