Financial

Conglomerate Loxley's IT services subsidiary Loxbit has combined with private equity fund TIH to form a fund that will back Thailand-based startups.

Naspers Ventures has invested in the Brazil-based online lender as part of a series B round that included International Finance Corporation and existing backer Redpoint eVentures.

GV-backed microfinance and credit scoring service provider Tala has increased its equity funding to $44m and plans to now expand in South Asia and Latin America.

The investment will be used to spin out Kakao subsidiary Kakao Pay as a separate company, giving China-based Ant Financial a foothold in South Korea.

One Tap Buy, a personal finance mobile app developer formerly known as MyBanker, has raised new funding in a round that included existing backer SoftBank.

Armed with A$100m of capital from its sole limited partner, financial services firm Westpac, Australia-based Reinventure is pioneering its own model of fintech corporate venturing.

The online lending platform is reportedly close to closing $500m in a round backed by existing investor SoftBank that will value it at about $4.3bn.

NEX Group and JP Morgan have made strategic investments in OpenFin, a financial services software producer that has now raised $22m in total.

Softbank could be seen as building a capability to understand and see full public and private dealflow and have the financial tools to utilise insights gathered from trends identified in its operational businesses, such as the customers of its Sprint or Arm businesses.