Financial

The Baidu-backed lending assessment software provider has secured its latest funding from Insight Partners and the cash will go toward enhancing its product.

Alibaba´s financial subsidiary Ant has received approval from regulators which will allow a dual listing on the Shanghai and Hong Kong stock exchanges and enable it to raise up to $35bn at a reported valuation of $250bn.

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

Alibaba and Lenovo both took part in a series B round for the digital wealth manager incubated at Hong Kong University of Science and Technology.

Long-term backer Alibaba Hong Kong Entrepreneurs Fund and new investor Lenovo Capital both took part in the digital wealth manager's pre-series B round.

Nine companies will participate in the internet company’s three-month accelerator programme, which is set to launch next month.

Alibaba is set to retain a 32% stake in its financial services spinoff, which has secured regulatory permission for a dual listing that could value it at more than $250bn.

The UnitedHealthcare-backed health insurer has announced a $105m series B round that comes after a $70m round two years ago.

TransUnion has contributed to a series A-1 round for the financial management and advice app developer as part of a commercial partnership deal.

The Mexico-based challenger bank secured $15m in a Prosus Ventures-led round that included the Santander-sponsored Mouro Capital.

Tom Whitehouse, CEO at Leif Capital, moderated a discussion comparing cleantech investment with the first decade after the millennium.