Financial

This is our Powerlist 2014 profile of corporate venturing industry icon Fan Munce, who we reveal today is retiring from IBM.

The top 25: #3 Charles Searle, Naspers

We republish our article for our last Powerlist, when outgoing Qualcomm Ventures head Nagraj Kashyap came second in the definitive list of the most important people in corporate venturing.

Deutsche Telekom and Georg von Holtzbrinck exited mobile payments platform Mopay as it was acquired by Boku for an undisclosed sum.

ACI and Bank of America are both shareholders in the account aggregation company.

The Germany-based bank, which already runs an incubator, has launched a dedicated corporate venturing unit to fund European financial technology start-ups.

Mobile internet company One97 has begun talks to raise $200M in funding for its Intel and SAP-backed mobile payment subsidiary Paytm.

The online payment services provider has now raised almost $500m in total, securing the latest funds at a $6bn valuation.

Crowdfunding and media company Patreon has raised $15m in a series A round featuring UTA and CAA to enable more artists to make money from their work.

The corporates area acquiring trader messaging service Perzo, and will use it as the basis for a new company, Symphony Communications.

The fund, formed by France-based utility GDF Suez in May, is focusing on decentralised energy and energy efficiency technology as traditional power generation loses its lustre.