Financial

Seven Bank has invested $10.6m in the Adways and Freakout Holdings-backed prepaid debit card provider to push its overall funding to almost $42m.

Cofco and several banks will get the chance to exit Ping An's online lending spinoff, which is targeting $3bn in a US initial public offering.

SGX, Deutsche Börse and Creditease-backed electronic trading platform Trumid has achieved unicorn status following a $200m funding round led by Dragoneer.

CMA CGM was among the investors in a series A round for the trade finance marketplace and will offer the service to its customers.

SoftBank, UPS, Santander, ING, Scotiabank and Recruit could exit the business finance platform in a deal reportedly sized at up to $850m.

Citi Ventures has returned to help invest $50m in the online payment platform, two years after participating in a deal the same size that was led by PayPal.

The number of corporate-backed companies going public declined in 2019, despite some major IPOs like those of Uber, Lyft and Slack.

Human resources provider DIP’s Gakucelerator has chosen four student-run startups for its latest batch and will provide up to $940,000 between them.

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

A consortium of 15 startups were chosen to take part in the first edition of the internet technology group’s regional accelerator scheme, which will run until November this year.

PayPal and Yahoo Japan contributed to a round of undisclosed size for the e-commerce services provider headed by a $66m investment from Bain Capital.