Financial

Almoayed Technologies was among the investors in a seed round for the open banking API developer that was led by Target Global.

Fund management software developer Hentsu has been bought by Portfolio BI, also a portfolio company of Credit Suisse Next Investors.

IA Financial Group, Equitable Bank and National Bank of Canada all took part in the latest round for the financial education platform provider.

JG Summit Holdings participated in a series B round for the digital banking network and will help it apply for a licence in the Philippines.

Commerzbank, Visa and CreditEase could be in line for exits after the card issuing platform developer confidentially filed to go public at a possible $10bn valuation.

The Progressive-backed digital banking technology provider has now secured at least $482m in total, with Russell Westbrook Enterprises leading its latest round.

Spacecraft manufacturer SpaceX reached a $74bn valuation, a more than sixfold increase on the $12bn it fetched when Google led a $1bn round in 2015.

The Bumble and Roc Nation-backed bill payment platform developer secured series A cash that pushed its overall funding to about $30m.

Ikea holding company Ingka Investments is paying an undisclosed sum for a 49% stake in financial services provider Ikano.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

GV returned for a $120m raised by Blockchain.com and was joined by Access Industries, days after cryptocurrency Bitcoin broke through $50,000 for the first time.