Financial

The USAA-backed identity verification specialist has now raised $30m in equity funding

The hedge fund has raised $20m for the first close of its fintech fund from limited partners including Siam Commercial Bank's strategic investment subsidiary.

PayPal joined a selection of VC firms to provide funding for the finance transfer app, which raised more than $23m in a Qualcomm-backed round in September.

Legend-backed payment platform Lakala intends to list on the ChiNext stock exchange following a failed attempt at a reverse merger with Shanghai-listed Tibet Tourism.

Axinan, TenX and InvoiceInterchange are the first three participants to graduate from the online payment platform's Start Tank initiative.

NAB Ventures led the cross-border payment platform's latest round, which included GV and which was raised as it rebranded from Align Commerce.

Tata, Kotak Mahindra Old Mutual Insurance and Edelweiss Tokio Life Insurance have contributed to a funding round for microfinance provider Fincare.

Reliance Capital, Sapphire Ventures and Saama Capital have reportedly exited One97 Communications, selling a combined 4.3% stake to e-commerce firm Alibaba.

The accounting software provider has added Swisscom Ventures to its shareholders, while existing backers also returned for the latest round.

Mastercard, AXA, MetLife and Prudential are among the limited partners for the Accion Frontier Inclusion Fund, which will back technology that will make financial services more accessible.