Legend Capital has backed third-party investment advisory firm Howbuy Investment Management Co with an undisclosed investment.

The deal comes after Russia-based financial group Life established its corporate venturing in September of this year with an initial capital of $10m.

A potential sale of On Deck to Wonga would be worth less than $250m, according to newswire Bloomberg.

Sanghi reads path to digital success.

Chief innovator builds platform for internal and external success.

He is chief executive of Mitsui Global Investment from his Silicon Valley base. The 20-year veteran of Mitsui has long been involved with venture investments.

Visa has ebbed and flowed with its corporate venturing strategy but, along with credit card providers American Express and Mastercard, has been more active recently, including backing mobile payments provider Square.

Moonray also complements the regional venturing units in Europe, India and Asia managed by specific groups after the US team spun out to form Volition Capital in 2010.

Mobile wallet company founded by telecommunications companies AT&T Mobility, T-Mobile USA and Verizon Wireless launches product in two US cities.