Financial

GMO and Mastercard-backed online payment technology developer Razorpay has raised $75.4m at a reported $450m valuation to bring its overall funding to $107m.

Sector analysis: Healthcare

GCV editor-in-chief James Mawson closed the second day of the symposium by moderating a discussion on the impact financial technology developers are having on incumbent banks.

Blockchain technology is an opportunity to change the way we see illiquid assets of ownership including venture capital, with implications for all stakeholders, according to a discussion moderated by GCV editor-in-chief James Mawson.

Review of the GCV Symposium 2019 by Callum Cyrus and Jack Hammond, reporters

Innovative region: UK

Monthly analysis: May 2019

Winner of the CVC Investment in a Spinout of the Year: Ribon Therapeutics - Novartis Venture Fund, Johnson & Johnson Innovation–JJDC, Takeda Ventures, Celgene

Power Corporation's Portag3 Ventures unit has anchored the venture capital investor and incubator's second vehicle, which will focus on financial and insurance technology.

Peer-to-peer lending platform PeopleFund has added $5m of equity and $30m of debt to a series B round that already included contributions from KakaoPay and Dayli Financial.

Iyzico has agreed to an acquisition by Naspers-owned PayU sized at $165m, after raising $24m in equity funding between 2013 and 2017 from investors including Beenos.