Financial

BRI Ventures was part of a consortium that provided $53m for mobile wallet developer Payfazz, which also counts Telkom Indonesia as an investor.

Maximilian Schausberger has moved to managing director of Raiffeisen's Elevator Ventures unit while Christian Wolf will oversee strategic partnerships and ecosystems for the bank.

The secure crypto wallet provider has secured CommerzVentures, Coinbase Ventures and Digital Garage Lab Fund as investors in its latest round.

Celebrity Kim Kardashian West’s beauty brand raised $200m at a $1bn valuation from beauty brand Coty.

The student aid service has been bought by CampusLogic after raising more than $31m from investors including Salesforce Ventures.

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

The crypto trading firm has received $30m in funding from SBI Financial Services as it aims to expand its offering into a prime brokerage.

There was a record number of first-time corporate investors in the first half of the year despite corporate venturing activity being down across deals, exits and funds.

SoftBank, XL Catlin, Allianz and Alphabet-backed casualty and property insurance provider Lemonade priced the initial public offering above its range.

Digital payment management platform Beyonic, a graduate of Barclays and Techstars' Cape Town accelerator, has been purchased.

Trading bourse owner SGX will take over the remaining 80% of the FX trading platform operator, its Asian Gateway Investments vehicle having invested $25m last year.