Financial

Data management software provider Snowflake, which counts Salesforce among its backers, has gone public and its price doubled on the first day of trading.

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

Higashi-Nippon Bank was among the investors that added $19.3m to a round for the microfinance services provider that now totals $41.5m.

The online insurer took its total valuation to $500m in a round led by Munich Re Ventures and backed by fellow corporate investors Amazon and Intact Financial.

Bonnier has bought into the payment services provider at a $10.65bn valuation alongside a $650m primary round led by Silver Lake.

The PayU and Rakuten-backed digital lending platform has filed for bankruptcy after regulatory changes in two markets meant customers halted loan repayments.

Crédit Mutuel Arkéa has returned in a $10.3m round for the financial advice software provider that will be used to add a retirement savings plan to its repertoire.

The Sumitomo and Aflac-backed digital insurance and savings product provider has merged with Aviva Singapore to form a business valued above $2.3bn.

American Express Ventures returned to reinvest in the financial intelligence provider as part of a series B round announced in tandem with a company rebrand.

BBVA-backed Propel Venture Partners has returned for a round that will help Groww add more asset classes to its online investment service.

Investment manager XP has allocated up to $1.5bn in capital for a strategic investment fund dubbed XP Ventures.