Financial

PayPal and Visa have backed Blockchain Capital’s fifth flagship fund, which received $300m of commitments and which will focus on blockchain technology and cryptocurrencies.

Internet and telecommunications group SoftBank took part in the round, which will fund the business finance provider's acquisition strategy.

The Novel Group, PayPal and Qualcomm-backed digital financial services provider was valued at $7.4bn in its latest funding round.

Morgan Stanley, NTT Data, Sumitomo Mitsui Trust Bank, Ripple, Ripio and Mouro Capital helped the tokenisation technology provider take its total funding to over $74m.

Maersk Growth and Raed Ventures co-led a $42m round for shipping platform developer Trella while GV exited deep learning software provider Determined AI.

Q&A with Aaron Hoffman, senior analyst, Intact Ventures

Salesforce-backed lending software producer Blend has raised more than $685m in funding and hit a $3.3bn valuation in its last funding round five months ago.

Bayer and Fujifilm scored exits as the cancer treatment developer floated on the Nasdaq Global Select Market at the top of its range.

Crypto financial services firm Amber has followed a Coinbase and Blockchain.com-backed series A round by adding $100m in series B funding.

Tencent, Credit Saison and JG Summit have all contributed to a $16m round for GrowSari while Greenvolt is set to acquire up to 29% of solar system installer Perfecta Energía.

Fubon Financial Holdings, Goldman Sachs and Schroders are set to exit Nutmeg, which will boost JP Morgan Chase's digital wealth management business.