Financial

Financial services firms Iccrea, Banca Etica and Banca Sella have put their weight behind mobile payment service Satispay in a $21.5m series C round.

The Tencent, Alibaba and Ping An-backed online insurance provider has secured approval to float in Hong Kong, two years after raising cash at an $8bn valuation.

Medical device producer NeoTract has agreed to be acquired by Teleflex for $1.1bn, giving an exit to Johnson & Johnson, a notable deal in a field where corporate commitments have been on the rise.

Sistema Asia Fund has joined existing shareholders for an initial $10.5m tranche, which is set to be followed by a final close of $50m to $80m within six months.

PayPal has named the five next fintech startups that will participate in its India-based incubator, taking a stake of undisclosed size in each one.

Meixin has closed a series A of more than $5m, following reports in July that Bertelsmann Asia Investments had contributed to an eight-figure round.

Susquehanna International Group is among a consortium of backers that have supplied a total of $30m in angel and series A capital for Abcfintech.

Vertex Ventures has exceeded the $150m target for its latest fund, securing external investment for the first time from Kasikornbank.