Financial

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.

Samsung Catalyst Fund, BBVA, SBI Group and ABN Amro Ventures chipped in as the banking platform developer raised $67.3m at a $360m valuation.

BBVA, USAA and Power Financial are set to exit wealth management technology provider Personal Capital in an $825m transaction.

The health insurance provider pushed its overall funding past $1.5bn in a late-stage round that included long-term investor Alphabet.

Mastercard will buy financial data technology provider Finicity in a deal that could reach $985m, giving Experian an exit. This is yet another large exits in this space this year after the acquisitions of Plaid and Credit Karma earlier.

The banking firm joined Future Venture Capital for a $2.8m joint investment venture to back startups based in Japan’s Oita prefecture.

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