Financial

SoftBank’s Vision Fund 2 and Latin America Fund co-led a secondary round for the blockchain-focused investment group at a $10bn valuation, participating with fellow corporate Alphabet’s CapitalG unit.

The mobile payment app developer has expanded an Experian-backed round with a $10m extension, taking its total funding to approximately $110m.

Cell therapy developer Hopstem completed a $40m Eli Lilly-backed series B round while cybersecurity technology developer SlashNext secured $26m from investors including Telia and Ayala Group.

The Info Edge, Intel, Tencent and SoftBank-backed operator of insurance and financial products comparison tools PolicyBazaar and PaisaBazaar has gone public, having raised $343m in pre-IPO funding.

E-commerce fulfilment technology provider Fabric closed a series C round, backed by Koch Industries and Harel Insurance and Finance. This is one of the latest sizeable rounds in the still booming e-commerce space.

Wells Fargo Strategic Capital took part in a $52.5m round for digital mortgage platform developer Maxwell while corporate-backed music distributor UnitedMasters closed a $50m series C.

Digital financial services provider Paytm’s insurance arm Paytm Insurtech is set to sell a minority stake to the Swiss reinsurance firm.

Cybersecurity software developer Sonrai Security, small business insurance provider Coterie and fashion brand Love, Bonito each raised $50m in corporate-backed rounds.

Munich Re and Intact Financial helped the digital insurance platform developer raise series D financing to take its overall funding past $450m.

The Tencent and Berkshire Hathaway-backed digital bank, valued at $30bn in June, has confidentially filed to go public on the New York Stock Exchange.

Voltage regulator producer Empower closed a $45m round featuring Samsung Catalyst Fund while Swisscom and Six-backed spend management software provider Yokoy raised $26m.