Financial

Susquehanna Growth Equity has provided $50m in funding for HighRadius, which operates a cloud-based platform to manage account receivables.

Ant Financial and Kunlun Tech are among the investors set to exit as the online lending platform, which has filed to go public in the US.

AddVentures, the corporate venturing arm of Thai conglomerate Siam Cement Group (SCG), has been named new entrant of the year in the 2017 Global Corporate Venturing Asia Congress awards. The fund was set up in June this year and will be funded by SCG to the tune of up to $85m over the next three to five years.

The huge strides made by Tencent Investment since 2015 are largely the result of its increased appetite for dealmaking on a grand scale as well as its willingness to look outside of China for new ventures.

SoftBank will take a 5% stake in the online insurer, investing up to $550m, in an initial public offering in Hong Kong that could top $1.5bn.

For potential nominations to the 2018 GCV Rising Stars list, please contact me at jmawson@mawsonia.com

Jeff Allen went to payment services provider Mastercard, where he was vice-president for strategic investments, in 2009 from investment bank Sagent Advisors.