Financial

Visa has provided a reported $200m in equity funding for bill payment platform BillDesk and bought up to $100m worth of shares in a secondary transaction.

PayPal and Rakuten-backed savings platform Acorns Grow is looking to raise more than $100m in a corporate-led round that will value it at $700m.

The Hakim Unique, Shanda Interactive and Dong Yi Ri Sheng-backed lending platform raised $45m, floating in the middle of its range.

The number of flotations of companies that have previously received corporate backing has been growing over the past couple years. More interestingly, it has been companies from the life sciences sector that beat other sectors in going public.

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

The home insurance provider boosted its overall funding to $109m in a round co-led by Lennar and backed by Comcast and Munich Re.

HSBC added $4m to a series B round for blockchain financial product developer Axoni that includes NEX Group, Citi and Wells Fargo.

The mobile payment technology developer has closed a $16.5m round co-led by Mastercard, three years after an Sberbank-funded series A.

Avaloq Ventures will invest in fintech startups on behalf of the financial services software provider, which backed cryptocurrency technology startup Metaco earlier this year.

NAB and US Bancorp subsidiary Evalon invested in a series C round that increased payment technology developer Poynt's overall funding to more than $130m.

Backed by Stanford-Start X Fund and a trio of corporates, Poynt has now received more than $128m in total for its payment processing terminal and software business.