Financial

NAB's UBank subsidiary has agreed to buy one of its portfolio companies, banking app developer 86400, at a valuation of approximately $207m.

The New York Stock Exchange, BBVA, Docomo Capital and USAA-backed crypto trading platform operator is changing tack from an IPO to a direct listing.

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

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

The digital bank pushed its valuation to $25bn in a Tencent-backed round that will support its growth in Latin America.

Stripe helped the payroll software developer hit $44m in total funding, backing its series B round alongside Thrive Capital.

The open banking technology provider lured Opera Tech Ventures, SBI Investment and Sony Innovation Fund by IGV for a round that brought its total funding to about $47m.

Stripe returned for a series C round that brought the back-office service provider's overall funding to over $118m and which will help expand its product offering.

JPMorgan Chase and Mouro Capital helped the mortgage lending platform developer take its total funding to more than $65m.

The Comcast Ventures-backed healthcare insurance provider has closed a Drive Capital-led series C round at a $1bn valuation having reached $175m in overall funding.

Alphabet unit CapitalG has returned to invest in the financial advice service provider’s latest round, which lifted its total funding to $173m.