Financial

The American Express and Deloitte-backed cloud financial management software developer has agreed to an acquisition by enterprise software producer Sage.

The ArFintech fund is backed by six Argentine banks and will invest in financial technology startups, five of which have received a total of $800,000.

The Mexico-based financial services firm has contributed capital to Jaguar Ventures, Variv Capital, 500 Startups and Endeavor Catalyst in a bid to access the fintech ecosystem.

The Swisscom-backed cloud-based compensation software provider has received $35m in funding from Goldman Sachs Private Capital Investing.

National Australia Bank has followed fellow Australian financial services firms AMP and Westpac into corporate venturing by setting up a $36.5m unit called NAB Ventures.

Alternative investment platform iCapital Network has added Morgan Stanley to a round already featuring UBS and BlackRock, taking its total funding to $50m.

The Citi and Northwestern Mutual Life-backed online financial advisor has raised $70m in a Kinnevik-led extension to the $100m it secured in March last year.

Shanda-backed Iqianbang has secured series B funding as part of a strategic partnership to help Shenzhen Grand Electronics expand into the financial sector.

Permira has become a strategic investor in Visa-backed payment services provider Klarna in a secondary transaction reportedly valued between $225m and $250m.

Existing investors SoftBank and Didi Chuxing invested $2bn at a $6bn post-money valuation, and Grab aims to use the money to expand its services far beyond ride hailing.

Alibaba's financial services affiliate has made an investment of undisclosed size in digital finance technology provider VFinance as part of a strategic partnership agreement.