Financial

The $50m will be split between a fund backing growth-stage companies with black executives and Massachusetts technology developers outside Boston.

Ping An and Alphabet-backed health insurer Oscar priced an upsized offering on the New York Stock Exchange above its range to raise $1.44bn.

WeGift has boosted its series A-plus round to $12m with a $4m investment by Commerzbank's venture capital arm.

Citi's Impact Fund and Mastercard were among the investors as the mobile banking software provider secured $12m in series A funding.

The instalment finance provider, which counts several corporates as investors, almost tripled its valuation to $31bn in the round.

Experian helped the mobile payment services provider pass $100m of total funding, participating in a round that will support hiring and product development.

The Hakuhodo DY, Ricoh Leasing and Orix-backed B2C e-commerce payment service has received $56.4m from JCB at a $551m valuation.

AI chip developer Horizon Robotics raised a round backed by several automotive manufacturers, taking its overall funding to $900m in the past two months.

New York Digital Investment Group was among the investors in the Bitcoin payment service’s seed round, which valued it at $71m.

BRI's Sembrani Wira accelerator, which counts Fazz Financial as a partner, has selected nine startups for its first cohort.

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