Financial

The challenger bank's Orange and Stripe-backed series G has been boosted by new funding at the same $1.57bn valuation.

GMO VenturePartners, Nippon Life X, Ricoh Leasing, Shizuoka Bank and Tokai Tokyo Investment joined earlier LPs Chatwork, Goodpatch, Raksul, Shift and The Guild to close MFVP’s first vehicle.

The Salesforce-backed insurance management platform developer has eyes on international expansion following the close of its latest funding round.

The wealth management platform developer has secured its first institutional investment to date, with a Scotiabank-backed round of funding.

Investors have doubled down on the Sony-backed digital banking platform developer, helping it boost its total funding to about $38m.

Gree, Opt, NEC and Sony are among the shareholders that will exit the asset management platform operator, which is set to go public in a $26.5m offering.

Property engine developer Homesnap agreed to a $250m cash acquisition by Real estate data provider CoStar Group. This is a notable exit in the space in which corporates have been actively investing over the past five years but there have not been many exits.

Fazz Financial and Grab are among the limited partners for BRI Ventures' Sembrani Nusantara Fund, which is halfway to a $21m close.

Existing investor Smilegate returned in a $35.5m round for the online payment processor that was led by Apis Partners' Growth Fund II.

The round could make the Alphabet, Visa, American Express and Sumitomo Mitsui Card Company-backed payment technology provider the world's second most valuable VC-backed private company.

Cuna Mutual-backed neobank Current will expand its product offering using the series C funding, which it raised at a $750m valuation.