Financial

Cathy Gao has called time on her tenure at corporate venturing unit Axa Venture Partners to take a vice-president position at Sapphire Ventures.

Massachusetts Mutual Life was among the participants in the $32.5m round, which will help the online business lending service expand its presence in Southeast Asia.

The blockchain banking platform developer secured $14.3m in a round co-led by Sony Financial Ventures and NKB Group, and will use the cash to expand its team.

Bank Rakyat Indonesia has put $100m into BRI Ventures, which could receive up to $250m and which will be headed by ex-MDI Ventures CEO Nicko Widjaja.

Venture capital firm Outward’s fintech-focused fund has raised about half of its $91m target, having secured NIBC Bank as a limited partner.

Existing shareholders Ant Financial and Fosun are reportedly looking to participate in a round that would allow MyBank to increase its lending capabilities.

SIG-backed online lending platform developer 9f has filed for a $150m initial public offering in the US that would also enable SBI to exit.

Tencent was among the returning backers in a TCV-led series F round that came after discussions with SoftBank about leading a $1bn round fell through.

The big data and AI-powered automotive financing platform has secured funding in a round co-led by JD Digits and Tencent, which took part alongside Bertelsmann Asia Investments.

Since the beginning of 2018, a fifth of all corporate investors whose deals we track appear to be newcomers.

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