Sector report: Fintech

Existing investor OLX returned to increase its stake in used car marketplace company Frontier Car Group, investing $400m through a primary and secondary transaction.

Visa is thought to have invested $200m in a deal officially valuing Africa-focused payments services company Interswitch at $1bn.

Software integration tool developer Workato has assembled $111m in total from an investor base which includes ServiceNow, Workday and Salesforce.

Pfizer Ventures co-led the round for neurodegenerative disease medicine developer Arkuda Therapeutics, which aims to combat a certain form of dementia.

Smart travel app Kune, electric boat battery maker Zenith and lidar diode control company Aerodiode will receive a total of $650,000.

Sinclair Digital joined an affiliate of MediaMath to back in-car interactive content provider Octopus Interactive, which is aiming to enhance its advertising technology.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Alibaba has increased its shareholding to 63%, having already acquired a majority stake in the logistics platform, also backed by Fosun and Intime Retail Group, two years ago.

HawkEye 360 extended its series B round, already backed by Airbus and Esri, to at least $85m with a $15m contribution from family office Advance, which has also bough Allied Minds' stake.