American Express's venture capital unit has moved to a new, larger premises in Silicon Valley, joining a raft of VC firms located nearby.

The microlending service provider has added a round worth 'tens of millions' to a $10m series A round from Softbank last year.

The financial services data company's initial public offering saw Bank of America, Goldman Sachs, Deutsche Bank and JP Morgan Chase all realise partial exits.

The media company has invested in a $14m series A round for microlending platform WeLab, which plans to now expand from Hong Kong into mainland China.

The crowdfunding service, which has just secured $4m from angel investors, will seek to invest in foreign startups out of a corporate venturing fund that could reach $100m.

The Japanese company will make the investments with IP Ventures, the Philippine corporate venturing unit in which it holds a 10% stake.

Insurance firm Ping An has invested an undisclosed sum in SIG-backed Payoneer, and will help it expand its international payment service in China.

The social trading platform has followed a 2013 series A round with a $8.2m round backed by Handelsblatt subsidiary VHB Ventures.

The insurance provider raised the cash as telecom company Telenor agreed to incorporate an Asian joint venture into MicroEnsure.