Financial

The $5.3bn purchase agreed a year ago would have enabled Alphabet, Mastercard, Citi and American Express to exit the banking software producer.

The Standard Chartered-backed owner of digital wallet Momo will use the funding to launch its own strategic investment subsidiary.

American Family’s venture capital unit has contributed to a $22.5m round that will support the digital mortgage lender's US expansion.

The CreditEase and Mouro Capital-backed payment technology provider lured personal finance firm OneMain Financial to co-lead its series C round.

Existing investor SoftBank Ventures Asia helped the online investment platform developer close a round that will fund its growth in Indonesia.

Microsoft, PayU and Boston Consulting Group are among the investors in digital currency platform developer Bakkt, which will list in a reverse merger set to value it at $2.1bn.

The Commerzbank-backed financial services software provider's valuation now tops $2bn, TCV having led its latest round.

Alibaba-affiliated Bow Wave Capital Management has invested $175m in the financial services provider, a joint venture by Globe Telecom, Ant Group and Ayala.

Business-to-business (B2B) e-commerce marketplace Udaan extended its series D round with a $280m tranche, featuring Tencent. The company is one of the comparatively few B2B e-commerce deals we have reported, despite the relative size and importance of the B2B in it.

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

SoftBank and Renren-backed online financial services provider SoFi will list on the New York Stock Exchange at an $8.65bn valuation double that of its last round.