Financial

Rohit Bodas has departed from his partner position at American Express Ventures and will take the same role at BBVA-backed VC firm Propel Venture Partners.

Florian Graillot has left Axa Strategic Ventures to form an insurance-focused venture firm called Astorya.vc, the same month as colleague Minh Tran departed.

Northwestern Mutual Future Ventures contributed to a series B round that Chime will use to increase the features on its mobile banking app.

Nexon has acquired a majority stake in SoftBank and SK Telecom-backed cryptocurrency exchange Korbit, in a deal that valued the company at $120m.

Existing investor HSBC returned for the cloud finance management software provider's latest round, which was led by Sumeru Equity Partners.

China-based e-commerce firm Alibaba is set to invest $798m in logistics platform Cainiao, taking its stake from 47% to 51%

Fosun-backed Suishou operates a range of personal finance management apps that allow consumers to handle budgets and keep track of their credit card usage.

A fund co-managed by FinEx Asia has invested $50m in corporate-backed online lending marketplace Prosper, possibly at less than a third of its $1.9bn valuation in 2015.

Power Financial, which originally invested in mobile financial services platform Koho last year, has added $8m in funding through its Portag3 Ventures unit.

QianBaoCard, an affiliate of Guangdong Homa Appliances subsidiary QianBao, sells point-of-sale terminals to merchants in more than 200 cities across China.