Financial

Mastercard and New York Life are among the investors on board DCG, which aims to build the largest portfolio of digital currency companies in the world.

The payment processing service has boosted its funding only a week after raising a $2.5m seed round backed by GMO Venture Partners.

SoFi secured the money from existing investor Renren less than a month after closing a $1bn round that valued it at $4bn.

Payments processing technology producer Marqeta has received $25m in series C funding from Commerzbank and others to support international expansion.

Commerzbank has co-led a round for the insurance management app that also featured Rocket Internet and several corporate-backed venture firms.

The e-commerce group has sold its stakes in e-commerce company Netretail and price comparison service Heureka to investment firm Rockaway Capital.

American Express and Ruben Tata have added an undisclosed amount to an oversubscribed series A round that initially closed at $12m in September.

Mitsui and a range of financial services providers joined an investor base already containing the likes of Dentsu, GMO and Mitsui Sumitomo Insurance.

Alphabet subsidiary Google Ventures has made its second investment in Poynt, which is preparing to commercially launch its smart payment terminal.