Financial

A snapshot of the corporate-backed venturing activity in Asia-Pacific show it is the second most active region in terms of corporate-backed venture deals and exit count.

Citi Ventures and RBC Ventures have both backed payment data managment platform Fidel in a series A round that will fund hiring and international growth.

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

Allianz Asset Management reinvested as Poste Italiane led a $44.4m round bringing the wealth management services provider's total funding to more than $125m.

Venture capital firm Runa Capital co-led a $21.9m round for the PayU and Rakuten-backed consumer lending platform to bring its overall funding past $300m.

Financial services-focused contextual search platform Selerity has been purchased after raising more than $12.3m in equity funding from investors including Citi.

Divvy, which facilitates the progressive purchase of a home by using part of the rent for a future down payment, raised $43m in a series B round co-led by Lennar.

The business financing platform's latest financing included a $176m series C round featuring GMO, Synchrony, Allianz X, Recruit Strategic Partners and MUFG Innovation Partners.

Lockton contributed to a series B round that took the commercial insurance tool provider's total funding past the $50m mark.

Tencent-backed Kik is closing its social media and messaging app as it pursues a costly legal battle with the Securities and Exchange Commission over an initial coin offering.

KDDI, Mitsui Fudosan, Banco Santander, Mitsubishi UFJ and Nomura are among the investors that have provided $14m in a series A extension round, taking the round to $26.5m.