The Google and Wells Fargo-backed peer-to-peer lending marketplace has set the range for its initial public offering.

The fund, co-managed with incubator Nest, will choose eight companies for its initial programme, which will focus on healthcare and insurance innovation.

Online payment service Qiandaibao has received funding from a range of investors including IDG Capital and copper supplier Jiangxi Copper.

Gildata, a subsidiary of financial software company Hundsun, has secured funding from backers including Shanghai Media and Ant Financial.

Ant Financial, the operator of online payment service Alipay, provided the funding alongside existing backer IPV, taking its total funding to $16m.

The accountancy firm will fund ideas conceived by its employees, who will get the chance to work on their projects full-time.

The payment analytics provider will use the cash from the IDG-led round to expand its platform, along with the sectors it serves.

OnDeck, which uses big data to lend to small businesses, has raised almost $100m in equity from investors including SAP and Google.