Financial

Mitsui Sumitomo hands $350m to Hippo
The property and casualty insuance provider nearly doubled its overall funding with a strategic investment by MS&AD subsidiary Mitsui Sumitomo.
Metromile makes tracks to reverse merger
The Mitsui, China Pacific, AmTrust, Tokio Marine and Intact Financial-backed automotive insurer is teaming with Insu Acquisition Corp. II to form a business with a $1.3bn valuation.
STC Pay charges up with $200m
Western Union, which already partners the Saudi Telecom spinoff on cross-border money transfers, is acquiring a 15% stake in the digital wallet provider.
Tencent takes $150m to Waterdrop
Tencent is reportedly injecting more funding into WeChat-powered healthcare insurer Waterdrop ahead of a potential IPO at a projected $4bn valuation.
Chainalysis charges to $100m series C
The crypto anti-fraud software developer, which counts Mitsubishi UFJ Financial as an investor, has now raised $165m to date.
Fireblocks’ $30m series B sparks global expansion
Swisscom took part in a Paradigm-led round that lifted digital asset wallet developer Fireblocks' total funding to $46m.
True Balance trusts corporates in $28m round
SoftBank Ventures Asia and Naver helped the mobile financial services provider push its overall funding past the $90m mark.
Trust & Will gets $15m bequeathment
Northwestern Mutual Future Ventures was among the new investors in a series B round that took the estate planning app developer's overall funding to $23m.

Other News

Satispay settles series C round
Tencent, Square and Telecom Italia unit TIM Ventures co-led an $80.6m round for the mobile payment platform developer alongside a $29.6m secondary investment.
Turtlemint turns to corporates to raise $30m
The insurance comparison service will use the cash from the American Family and MassMutual-backed round for recruitment, geographic growth and technology development.
Corporate venturing deal net: 16-20 November 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Forter forces its way to $125m
The Salesforce-backed anti-fraud technology provider took its valuation past $1.3bn in a series E round that pushed its overall funding to $225m.
Addepar expands series E to $117m
The CreditEase-backed, data-focused wealth manager has now raised a total of about $325m, with WestCap's Strategic Operator Fund leading its latest round.
Thinking Capital absorbs Ario
Purpose Financial has bought portfolio company Ario through subsidiary Thinking Capital Financial having backed the enterprise financing software producer in 2018.

Editor's Picks

Mitsui Sumitomo hands $350m to Hippo
The property and casualty insuance provider nearly doubled its overall funding with a strategic investment by MS&AD subsidiary Mitsui Sumitomo.
Ant Group blocked from $34bn IPO
Chinese regulators have suspended the Alibaba spinoff's initial public offering, which was set to value the financial services provider at $313bn.
Lufax loops on to public markets
Ping An's financial services spinoff raised $2.36bn in a US initial public offering that represented an exit for Bank of China, Cofco, SBI and several investment banks.
Ant Group's IPO to achieve $34bn raise
Several corporates are set to exit the financial services provider in the biggest IPO in history, while parent company Alibaba will buy about $7.5bn of shares.
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