The insurance company will partner with venture capital firms such as GGV Capital and Ribbit Capital as it looks to invest big in fintech innovation.

Foreign exchange service Kantox has secured new funding in a round co-led by corporate-backed firms IdInvest and Partech.

Naver, the parent company of messaging app Line, has contributed to the arts crowdfunding platform's series A round in conjunction with a partnership agreement.

The Salesforce-backed incentive comparison company has raised approximately $83m in venture funding since it was founded in 2005.

The payment processing company has now raised $75m altogether, after securing $40m in a Rakuten-backed round.

The alternative equity trading platform raised the series C cash in a round featuring insurance company MassMutual, lifting its total funding to more than $100m.

Ant Financial, the financial services affiliate of Alibaba currently raising money at a valuation of up to $40bn, will look to fund internet finance companies through the unit.

Digital payment technology company Ripple Labs has closed a series A round backed by corporates including Seagate, CME, and International Data Group.