Financial

Ride hailing service Ola has pulled in $26.7m for its financial services offshoot from Falcon Edge, Matrix Partners and Apoletto Managers at a $250m valuation.

CMFG Ventures and Northwestern Mutual Future Ventures co-led a $12.3m round having previously invested in the student loan refinancer a year ago.

Mitsubishi UFJ Financial Group helped the supply chain finance provider increase a round already featuring several corporates to almost $200m.

Swisscom Ventures has exited invoice financing services provider Advanon in an acquisition of undisclosed size by peer Creditgate24.

Truework, which provides software to run employment and income background checks, secured the return of Sequoia Capital and Khosla Ventures to bring its total to $45m.

The investment bank is establishing a corporate venturing unit that will invest $10m to $20m per deal in financial technology developers.

Wayra-backed consumer loan provider Addi has boosted its total funding to nearly $32m as it prepares to move into Brazil and Mexico.

The auto insurance provider secured $18.3m in a round led by CommerzBank’s investment arm that lifted its overall funding to more than $26m.

US-based construction services provider Katerra received $200m in funding from the SoftBank Vision Fund I, the vehicle formed by telecoms conglomerate SoftBank.

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

Dogan Beta has signed up Yamaguchi Financial Group as a cornerstone investor for its fourth fund, which has achieved a $14m first close with multiple corporate LPs on its way to a $23.3m ceiling.