Financial

Why the state’s VC sector has all the cards

Ping An’s fintech spinoff, OneConnect, has floated in the US having raised $750m from investors including SoftBank Vision Fund and SBI last year.

In this piece, we take a quick peak at the still limited but growing corporate-backed deal flow in Africa-based companies.

Guardian Life has made a strategic investment in fellow life insurance provider Sproutt's series A round, revealed as it came out of stealth.

Emory University's endowment fund was among the LPs that chipped in for the venture capital firm’s Continuum I fund, which has closed at $56.6m.

American Family Ventures has returned in a $100m round for the home equity finance startup, having already taken part in its $12m series A round last year.

Corporate venturing vehicles MDI Ventures and KB Investment have formally announced their Centauri Fund, which has a $150m target for its close.

Financial automation software producer Bill is floating above its range as Fleetcor, Mastercard, Amex and a host of banks all scored exits.

Fintech-focused Central Capital Ventura has received another $14.2m from its parent bank, nearly three years after it was launched with $15m.

Alibaba Hong Kong Entrepreneurs Fund was one of five returning backers to reinvest in the online lending platform as part of its series C round.

Cboe Global Markets is buying portfolio company EuroCCP in a transaction that will also enable Euronext, Nasdaq, Depository Trust & Clearing Corporation and ABN Amro to exit.