Financial

Binance's token-based impact fund has launched plans for an incubator that will supply $500,000 for each participant.

Since the beginning of 2017, Global Corporate Venturing (GCV) Analytics has tracked and seen a number of companies backed by China-based internet company Tencent go public in Hong Kong and the US.

Bank Mandiri and fellow corporate Gunung Sewu both took part in a $15.8m series A round for online lending platform KoinWorks.

The corporate's strategic investment fund led a round that valued the consumer credit platform at $500m, taking its total funding to $142m.

The Square-backed event ticketing management software provider has disclosed almost $360m in venture funding.

Rakuten Ventures has co-led a $50m series A-plus round for e-commerce company Black Fish that also featured a Fullshare Group subsidiary.

Credit Engine won the top award while five other participants in MUFG Digital Accelerator were also showcased.

SBI AI and Blockchain Fund has secured corporate venturing unit Krungsri Finnovate as a limited partner as it seeks a $453m close.

Business insurance startup Pie Insurance has now raised a total of $16m, having received series A funding from backers including Sirius Group.