Financial

HomeToGo has acquired the troubled Recruit-backed holiday home rental platform Tripping for an undisclosed amount of money. The company is part of the larger travel and accommodation space, which has seen growth of corporate-backed deals in recent years.  

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

Stablecoin developer Basis is shutting down after facing regulatory issues and will return most of the $133m it raised from investors including GV in April.

Dell-backed cloud billing service Aria Systems has now raised $180m altogether, securing $30m from Runway Capital and its existing investors.

The GV-backed financial software technology provider raised series C funding in a Kleiner Perkins-led round that valued it at $2.65bn.

The fintech platform has raised equity financing from backers including First Data and Salesforce Ventures while Orix and Pacific Western Bank provided debt.

Social security insurer Apicil and real estate holding company Reech Corporations Group have put up $11.3m for an insurance technology fund.

Novel and existing investors PayPal and Qualcomm Ventures all contributed to a round for Toss owner Viva Republica that valued it at $1.2bn.

Bill Qian, JD Finance's head of cross-border M&A, was promoted to general manager of corporate ventures in July.

China-based wealth management and lending platform has raised a large round backed by six corporate venturer and a sovereign investment fund.

CreditEase has participated in a $100m funding round for Cross River Bank, which will invest in recruitment and the strengthening of its compliance infrastructure.