TouchBistro, which is developing point-of-sale payment systems for restaurants and cafes, has raised $4.8m in a round that doubled its total funding.

The bank is also considering an increase in the size of its $100m dedicated fintech fund, as it seeks to improve its activity in the sector.

CommerzVentures invested $12m in the social trading platform's series D round, previously backed by Ping An and Sberbank, which now stands at $39m.

A study into the economic impact of Northern Arizona University shows that it contributes nearly $2bn to the state's economy each year.

The Telefonica-backed mobile wallet developer has now raised $15m in less than a year and will use the capital to build its team as it prepares to enter the US market.

The Axel Springer-based smartphone banking service has now raised almost $13m in total after closing its series A round.

Legend Holdings, the largest shareholder in computer maker Lenovo and the parent company of Legend Capital, is set to raise between $2bn and $3bn when it goes public.

First reported to be in advanced talks for its series D round in February, the Info Edge and Intel Capital-backed insurance policy aggregator has raised $40m.

General Electric's recently announced divestment plan for its finance subsidiary will not include its corporate venturing unit, the company has confirmed.