Commerzbank's corporate venturing unit co-led the series B round, which will be used to expand Mambu's team and fund international growth.

Electronics supplier Shengjing Technology co-led the round, in which the online payment technology company raised an eight-figure dollar sum.

Peer-to-peer lending platform Duanrong has now raised $69m altogether, after securing series B funding from pharmaceutical company Furen.

The point-of-sale technology developer, which had previously secured a total of $10m in funding and debt, has added Alphabet to its shareholders.

The Ping An-backed online trading platform is now the fifth most valuable venture-backed company in the world, securing its latest financing at an $18.5bn valuation.

The business-to-business steel trading platform, which counts IDG among its investors, has now secured $290 in total and is gearing up for an IPO in China.

Pejman Mar Ventures' University of California, Berkeley competition awards $250,000 to Dotdashpay and creates two new prizes for Tinkering Labs and Thera.

Alibaba's financial services affiliate, which closed funding at a $50bn valuation last year, is raising the capital ahead of a future initial public offering.

Cloud-based accounting platform Freee, already backed by investors including Recruit, took its total funding to $53m with an $8.4m round featuring SBI's FinTech Fund.