Financial

Nubank is in talks with SoftBank to lead a funding round of up to $1bn that could more than double the fintech’s valuation to between $8bn and $10bn as it pursues additional markets.

Teenager-focused digital banking app Step collected $22.5m in the Stripe-led series A round, which featured WndrCo and existing backer Sesame Ventures.

Willis Towers Watson has created a corporate venturing subsidiary, WTW Strategic Ventures, and a new group, the Growth Board, to make strategic investments in startups.

SoftBank backed online lender Creditas, a company from the alternative lending space, which does not seem to have experienced exponential growth in valuations.

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

Digital Garage-backed peer-to-peer property marketplace NoBroker has now raised more than $71m altogether and will use the series D proceeds for further expansion.

CommerzVentures has returned to back Getsafe, a millennial-focused digital insurance app developer that also counts Rocket Internet as an investor.

Online lender Creditas has raised $200m from SoftBank at a reported $700m post-money valuation, adding to about $84m previously procured from backers including Naspers.

Tokenised financial transfer service Fnality International, which was formed by the financial services firms behind the Utility Settlement Coin project, secured $63.2m.

The open banking software provider will continue its European expansion plans with a $35m round that featured Tencent, taking its total funding to more than $47m.

The anti-fraud technology provider, co-founded by CAE faculty, has received $50.7m in a round led by VMS Investment Group that was also backed by existing investor Legend Capital.