Financial

East Money Information is among the investors that chipped into a $14.3m round for the trading software provider that was led by Sequoia Capital China.

Alibaba's financial services spinoff, which counts China Life and China Post as investors, has reportedly set a target for a dual offering that would be the largest in history.

Unnamed endowments have joined a digital asset-focused fund closed by Electric Capital to bet big on distributed financing models.

Samsung, Mastercard and Sberbank have exited the mobile payment app developer in a purchase reportedly sized around the $100m mark.

Over the past four quarters, almost one of every four corporate investors seems to be new, even in lockdown.

The fund will invest in companies developing products and services within the cryptocurrency exchange’s ecosystem.

Backed by Cambria Health Solutions and Link-Age, True Link has now raised $50m in all to provide financial services geared toward vulnerable groups.

Hubert Burda Media has participated in a $16m series C round for StashAway, bringing its total funding to more than $36m.

The accounting software provider received $14.2m in a round co-led by Rabo Frontier Ventures that included Commerzbank.

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

PayU returned to lead an $85m funding round for Remitly as demand for its cross-border money transfer service continues to grow amid the pandemic.