Financial

Citi Ventures was among the investors in the series C round, which increased the bookkeeping software provider's overall funding to more than $100m.

Investment brokerage app developer has Dough received $20m from financial intelligence group and parent company Tastytrade ahead of a planned launch next month.

Last year there was a peak in number of IPOs of corporate-backed emerging business, while the first half of 2019 hosted some much-awaited flotations like those of Uber, Lyft and Slack. We look at the broader picture for corporate-backed companies going public.

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

SoftBank, Bank Mandiri and Sinar Mas could exit payment software provider Moka in a $100m cash-and-share acquisition by Go-Jek.

Business lending marketplace C2FO has collected $200m in a round led by SoftBank Vision Fund that reportedly included Allianz X.

Novel, PayPal and Qualcomm-backed Viva Republica almost doubled its valuation to $2.2bn and has now raised more than $260m altogether.

SIG, CM Group, Consensys Ventures and Akuna Capital all contributed to an $18.3m round for the cryptocurrency-based lending platform.

Experian led a sereis B1 round for the Alibaba and SBI Group-backed Southeast Asia-focused financial comparison platform to take its total funding to about $115m.

Commonwealth Bank of Australia is among the investors in a $460m round that valued Klarna at $5.5bn post-money, following a hitherto undisclosed $100m of funding in April.

Having helped build teams for Citadel for seven years, Jenny Lee has come to Softbank Investment Advisers to manage human resources following the launch of its second Vision Fund.