Financial

Tencent made a significant cash commitment by leading a round raised by online social forum Reddit at $3bn post-money valuation

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

Stripe and General Catalyst co-led the series B round, which reportedly increased the finance management software developer's total funding to $60m.

Eli Groner, former director-general at the office of the prime minister of Israel, has been hired by Koch Disruptive Technologies as an Israel-based managing director.

An undisclosed endowment has signed up to a $40m cryptocurrency-focused fund managed by Morgan Creek Digital Assets that will make seed-stage and token-based investments.

Siemens Technology Accelerator venture director Nico Straub has taken a partner position at Bioventure Consulting after nearly six years at the unit.

Krungsri Finnovate, formed by the eponymous Thai bank in mid-2017, could be doubled in size to $60m as it looks to increase the size of its investments.

Trade body Association of International Certified Professional Accountants has selected fintech startups Gappify, Client Hub and Dryrun as winners in its 2019 accelerator cohort.

Founded out of Massachusetts Institute of Technology, SendFriend has built a blockchain-powered online payment transfer platform that uses technology provided by fintech developer Ripple.

The Nykredit-backed personal banking app has raised $14.7m in a Seed Capital-led round that included Greyhound Capital and Socii .

Goldman Sachs has led the business financial management platform's $44.8m series C round, which included existing investors Experian and CreditEase's corporate venturing units.