Financial

Renren led a $70m series C round for the mortgage marketplace, bringing its funding to almost $110m, as it reaches $100m of loans processed in its first year of operation.

IDG Capital Partners co-led the latest round raised by the peer-to-peer lending platform, which will be used to boost its big data capabilities.

A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.

The online credit marketplace raised the series D cash in a round backed by BBVA and several other large banks, boosting its total funding to more than $350m.

HSBC joined backers including Iris Capital to invest in the treasury software developer, which will spend the money on product innovation and geographical expansion.

Digital wallet services provider MobiKwik has received series B funding from investors including Cisco and American Express as it aims to expand.

The real estate loans marketplace, founded at the end of 2013, has now raised $15m in the past year.

Game publisher Kunlun provided $62m of the cash raised by the startup, which enables users to pay for electronics and luxury goods through instalment plans.

Bitcoin exchange platform Buttercoin, which raised a Google-backed seed round in 2013, will turn off its services by the end of the week.

During March, Global Corporate Venturing tracked 162 investments in corporate venturing-backed companies worth $5.5bn, compared with 162 investments worth $5bn in February. We also tracked four exits in March worth $482m.