Financial

Half a dozen startups will make up the 11th batch of staffing services firm DIP's 12-week AI.Accelerator initiative.

Green Shield Canada, Alterna Savings and several insurers chipped in as the fintech-focused venture firm closed its second fund.

The e-commerce credit provider closed a $90m round co-led by the Naver-backed Asia Growth Fund that included Telkomsel Indonesia and Singtel, at a $500m valuation.

The online finance provider is closing in on $103m in series C funding, having previously raised a total of $120m from investors including CreditEase Fintech Investment Fund.

Bank Mandiri's fintech-focused investment arm has hired former MDI Ventures vice-president Joshua Agusta as director of fund investments.

The Amazon and Intact Financial-backed insurance provider is raising $40m to $42m in a round that will include $20m from Benny Binsal.

The mobile banking platform developer lured National Bank of Canada's venture capital unit to an $18.8m round led by Drive Capital.

The number of flotations of companies that have previously received corporate backing has been growing over the past years but by the end of 2019 they may register a slight slowdown.

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

Kyocera, JR West, Mitsubishi Electric, Mitsubishi Hitachi Power Systems, Mitsui Sumitomo Insurance, Opt, Saibu Gas and Trust Tech contributed to a $21.1m round for the drone and blockchain technology developer.

SIG Asia took part in the $11.7m second tranche of the compliance software developer's series A round, taking it to $19.2m.