Case study on how venturing with Morse helped turn Monitise into a success.

The mobile payments company has closed two rounds of funding this year with participation from investors including credit card company Visa.

Since entering the banknote industry in 2006, Authentix has secured contracts with six central banks and helped recover $11bn in lost revenue.

Steamboat Ventures-backed Sometrics has sold 3.3 trillion units of its Game Coins virtual currency since launching in 2007, with more than 2 million users spending the currency every month.

The currency trading platform is backed by 10 banking groups and financial services firms, some of which will be acting as book-running managers for the IPO.

South Africa-based insurer Sanlam has acquired 26% of Indian peer Shriram Capital for INR20bn ($430m).

The start-up, which seeks to reward customers who save their money, has secured seed funding.

Previously managing director of North American venture activities for Motorola Mobility for six years, Sanghi will lead Amex's Enterprise Growth Group's new office in Silicon Valley, California, US, which is expected to open later this year.

Diane Scott is president of Western Union Ventures. David Yates, the company's executive vice-president of business development and innovation, is departing.