Financial

Tencent has contributed to a $35m series B round for Niyo Solutions, the operator of a mobile bank that gives blue collar workers access to financial services.

Analysis: Q2 2019

The latest note by data provider PitchBook found that, in the context of growth in corporate venture capital, the most active CVC arms it examines have shown a strong historical performance and corporate-backed portfolio companies have reaped benefits in the form of higher exit chances and lower bankruptcy rates

Innovative region: Switzerland

It has been a remarkable decade for innovation capital. More than $1 trillion of venture capital had been invested by the end of last year, according to data provider Pitchbook, driven by corporations engaging in more than half that total, according to GCV Analytics.

Sector Analysis: Information Technology

Monthly analysis: June 2019

National Bank of Canada has taken part in a $31.5m series B round for Sensibill, a mobile banking technology producer already backed by OpenText.

The remittance and payments technology provider sourced commitments from SMBC Venture Capital, Mitsubishi UFJ Capital, Shinsei Corporate Investment and Toppan Printing in the series B round.

Xiaomi-backed fintech developer Fumi Technology has received $36.3m in funding from Gopher Asset.

Four months after collecting $100m from Astra International, Go-Jek has added an undisclosed amount from three Mitsubishi subsidiaries to a targeted $3bn series F round.