Financial

Prosus Ventures invested in the e-commerce finance provider at a $1.6bn valuation, increasing its overall funding to over $236m.

Solana and Jump Trading helped crypto wallet developer Phantom secure $109m while HR software provider Gupy netted $93.1m in a round co-led by SoftBank.

The Nigerian fintech sector continues to boom as Credit Saison and The Motley Fool invested in the share trading platform developer through their first African deals.

A roundup of exits, including IPOs and acquisitions, across the tech transfer ecosystem.

Sector report: finance

Hear how the industry will evolve at special webinars on February 9 and 10.

CSAA-backed digital home insurer Kin Insurance has backed out of a reverse merger while The Sandbox has committed $50m to a metaverse startup accelerator.

SAP is set to pay an undisclosed amount for a majority stake in the Ping An, Saudi Aramco and Telus-backed digital invoicing technology developer.

CapitalG was among the investors in the digital asset transfer service’s latest round, which boosted its overall funding to $1bn and valued it at $8bn.

Despite being the first year spent entirely during the pandemic, 2021 underlined the strengths of the ecosystem with spinouts raising nearly $39.2bn.

Baidu and Geely committed $400m to Jidu, their joint venture from the hot electric vehicle space. The proceeds from this latest transaction will go to R&D and mass production of cars.