Financial

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

India-based payment tech company PhonePe is looking to raised $1bn at $7bn-$8bn valuation from various investors, including Tencent.

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

The insurance firm has followed its $50m first fund, launched two years ago, with the $150m Northwestern Mutual Future Ventures Fund II.

Philippines-based Union Bank has allocated more than $9m annually to its UBX subsidiary to pursue financial technology opportunities.

The digital life insurance provider has sourced $12.6m in a series A round that included RGAx and Anthemis Exponential Ventures.

SoftBank and Renren-backed online financial services provider SoFi is now valued at $4.8bn following a $500m round led by QIA.

Tencent is in talks to participate in a $1bn round that would enable the mobile payment platform to spinoff from parent company Flipkart at a valuation of up to $8bn.

Alphabet and Roc Nation-backed trading app developer Robinhood is reportedly looking to secure funding at a valuation of more than $7bn.

In February and March 2019, we conducted a small pilot survey (n=31) of founders of businesses that have received corporate funding, which were referred to the survey by their corporate backers. We called it the “GCV Founders Survey” and it gave us some interesting insights.

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