Financial

The mobile banking platform developer lured National Bank of Canada's venture capital unit to an $18.8m round led by Drive Capital.

The number of flotations of companies that have previously received corporate backing has been growing over the past years but by the end of 2019 they may register a slight slowdown.

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

Kyocera, JR West, Mitsubishi Electric, Mitsubishi Hitachi Power Systems, Mitsui Sumitomo Insurance, Opt, Saibu Gas and Trust Tech contributed to a $21.1m round for the drone and blockchain technology developer.

SIG Asia took part in the $11.7m second tranche of the compliance software developer's series A round, taking it to $19.2m.

Line Ventures led an $18m round for the female-focused microlending marketplace that included fellow corporate VC vehicle UOB Venture Management.

Siam Commercial Bank’s $100m Digital Ventures fund may become a new standalone company, as it considers spinning off subsidiaries.

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

Fintech-focused venture firm MiddleGame Ventures has secured S&P Global as a limited partner for an early-stage fund expected to close at $165m next year.

Alibaba's financial services affiliate is looking to raise $1bn for a vehicle that will make strategic investments in emerging markets.

Tencent and SoftBank co-led a $150m series C round for financial services app developer Ualá that increased its overall funding to $194m.