Financial

The money transfer network has now raised $46m altogether and will use Rakuten's help to expand in Asia.

PayPal has decided to also bring its fintech incubator Start Tank to Singapore, three years after it was launched in Chennai.

Carmaker Ford's $182m contribution to the $253m series C round closed by software development company Pivotal last week may augur a new interest in connected car technology startups.

Paul Ark (Polapat Arkkrapridi) has joined SCB Ventures, the fintech investment arm of Siam Commercial Bank, as head of venture capital.

Claltech, the Israeli investment vehicle for Access Industries, contributed to a round that will support expansion and product development for the payment technology provider.

XAnge and WeltN24 both took part in a series A round for Savedo, which enables users to deposit money in foreign savings accounts.

GMO and MediaTek co-led a round that took the total raised by the mobile payment service, which is also backed by Cisco and American Express, to about $80m.

Suncorp and Guidewire have backed a $25.5m round for Trov, which operates a mobile app that enables users to easily insure their belongings.

The banking group has launched a venture capital arm dubbed Neva Finventures with $34m in funding that is expected to be eventually boosted to $113m.