The corporate venturing units of Mitsubishi UFJ and Mizuho Capital provided an undisclosed amount of funding for the financial software producer as it seeks to expand in Japan.

Bitfury Capital will act as an early-stage investment fund to help expand the bitcoin industry.

The corporate-backed internet incubator is rumoured to be heading towards an initial public offering later this year, as it continues to expand into new territories.

The startup, which can crowdfund money to treat sick people in developing nations, has raised $1.2m in a seed round that included China-based web portal Tencent.

The UK-based fund will target startups across the globe within the fintech sector as it seeks to keep abreast of innovations in the space.

Sberbank's venture capital unit, SBT Venture Capital led the series A round, which took the personal financial data service's funding to more than $12m.

Tencent is taking a 20% stake in the e-commerce company, which went public in October and which has raised $415m through public offerings in the past year.