Financial

Tengelmann has supported a $16.2m round for insurance technology developer Ottonova, which previously attracted capital from another corporate, Vorwerk.

The e-commerce company has just closed $1bn in a corporate-backed round but the downgrade on its valuation is likely a sign of the rough time that Indian e-commerce is going through.

Clarity Money, which launched its personal finance management app in January, has already closed its second funding round, which was co-led by Citi Ventures.

Fintech developer Ayondo is set to list on the Singapore Exchange at a $158m valuation, giving ProSiebenSat.1 an exit.

The JD.com financial services spinout, which is backed by China Taiping Insurance, is in the process of raising a second funding round at a $7.3bn valuation.

The online business lending platform, which counts SoftBank, UPS and various banks as investors, is in talks to raise a nine-figure sum to support strategic acquisitions.

Salesforce, SMBC, Mizuho Bank and Fukuoka Financial Group have backed asset management app developer Moneytree's series B round.

Aflac Corporate Ventures will invest in early-stage companies developing software and digital products that can complement its insurance provider parent's core business.

Rakuten and existing investor Allianz have contributed to a round of undisclosed size that lifted the e-commerce insurance company's total funding to more than $32m.