OnDeck, a US-based alternative loan lender to small and medium sized business, has raised $77m in a deal led by Tiger Global Management. Other investors this round included Google Ventures and SAP Ventures.

Online payments company Payoneer raises series D financing round of $25m, led by Susquehanna Growth Equity, to "transform the way small businesses around the world get paid for selling products and services across borders".

IDG Ventures India and private equity firm Ascent Capital have invested equity capital in India-based document software management company Newgen Software. The round is worth INR 1100m ($17.61m) Other corporate investors that have backed the business include HSBC Private Equity (Asia) and SAP Ventures.

To access new, commerce-focused technology, Silicon Valley Bank and MasterCard have teamed up to launch Commerce.Innovated, an accelerator programme for startups.

Capital One bank opens its third and latest startup design laboratory in San Francisco.

Second Century Ventures (SCV), a venture capital fund focused on promoting innovation in the real estate sector, and which is fully capitalised by the US National Association of Realtors, has invested in Planwise, a US financial decision technology company.