The mobile payment platform developer, whose existing investors include Intel and SAP, has already begun talks with investors over the remainder of the round.

The Germany-based fund was launched last month with a brief to invest in the most promising fin-tech companies atearly stage before contributing follow-on funding as its portfolio companies grow.

An interview with Lance Liu, investment manager of Ping An Ventures, one of the three investment platforms for Ping An Ventures.

Global Corporate Venturing's annual look at the finance sector.

Japan-based firm Infinity Venture Partners has reached a $32m first close for its $100m third fund, with limited partners including Recruit, Mixi and Sammy Networks.

Personal Capital, a digital wealth management firm, has raised $50m in a series D round with involvement from BBVA Ventures, bringing its total funding to more than $102m.

Spain-based Spotcap, which extends financing to small businesses, raised the funds from corporates Holtzbrinck and Access.