Alongside Citi Growth Ventures & Innovations in the A round for ReadyForZero were venture capital firm Polaris Venture Partners and angel investors.

Alongside CompuCredit in backing Prosper were venture capital firms Draper Fisher Jurvetson, Crosslink Capital, Accel Partners, Omidyar Network, TomorrowVentures, QED Investors and Volition Capital.

Fundamo, a South Africa-based financial services technology provider backed by some of the country's largest companies, has agreed a $110m exit to credit card provider Visa.

Banks maintain historical rates to invest in private comapnies and then advise on their flotations.

Bob Borchers from Opus Capital and Rob Trice from SK Telecom Ventures will join Sequent Software's board.

SK Telecom Ventures and venture capital firm DCM, as a new investor, co-led the series B round for Billing Revolution.

Tradeshift, a UK-based invoicing network for businesses, has raised $7m from venture capital firm Notion Capital, having previously had been seeded by online auction company eBay's PayPal payments platform.

US-based bank Citigroup has hired Trip Wolfe (pictured) to lead its venture capital coverage for North America.

Investment banks and shareholders Morgan Stanley, Citigroup and Credit Suisse are underwriting Bats's initial public offering.