Alibaba's financial services affiliate will own a 60.8% stake in finance information company Shumi, also backed by Hundsun, through the deal.

The Visa and Starbucks-backed payment technology provider priced its shares at $9, a good deal below the $11 to $13 range set earlier this month.

Recruit and the corporate-backed Digital Currency Group are among the investors in a $12.5m round for payment services provider Align.

Sector focus: Finance

The internet and e-commerce company's Rakuten FinTech Fund will target European and US startups which can bring strategic benefits to its subsidiaries in the sector.

Alphabet-backed funding marketplace CircleUp has boosted its total funding to $53m following a series C round that will support an expansion in headcount.

Mandiri Capital is set to begin investing from 2016 and will focus on startups developing payment services for the e-commerce sector.

The payment processing company has selected four new fintech startups to participate in its Start Tank incubator in India.

The Visa and Starbucks-backed mobile payment company is set to float at a valuation at least 30% less than at its last equity round.