Financial

Business financial tool marketplace Fundera has been bought by NerdWallet after raising some $15m from investors including Susquehanna Growth Equity.

Ping An's financial services spinoff raised $2.36bn in a US initial public offering that represented an exit for Bank of China, Cofco, SBI and several investment banks.

Viking Global led a $150m round for the Visa-backed banking software provider that will go to product development and international growth.

Expected budget for European Innovation Council of €3.5-4bn to entrepreneurs less than planned €10bn over the 2021-2027 period

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

BHL Holdings and Concentric both contributed as business insurance provider Superscript pushed its overall funding above $24m.

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

Clarity AI, the creator of an investment impact assessment platform, secured the funding in a round led by potential strategic partner Deutsche Börse.

QBE's venture capital arm has hired Daniel Wypler after more than two years at ANZi Ventures where he made 17 investments on behalf of the unit.

The insurance and finance management app developer raised the money in a CNO Financial-led round backed by Samsung Ventures, Securian Ventures, Guardian Life and Nippon Life.

Mouro Capital, Fidelity International Strategic Ventures, Raptor Group and SBI all backed a $56.7m round that pushed the trading technology provider's total funding past $100m.