Funding Rounds

Japanese financial management platform Moneytree has picked up ¥1bn (~$9m) in a Series B funding round. SBI Investment led the round for the Tokyo-based company.

Life insurance startup Fabric has pocketed $2.5m in a Seed round led by Bessemer Venture Partners. The startup's basic package only covers accidental death, which it says is the primary cause of death for 25 to 34-year olds.

Investment platform for small consumer brands CircleUp is planning to raise $100m, according to an SEC filing.

Enterprise payments service Airpay has picked up $3.6m as part of its Series A. Kalaari Capital led the round for the Mumbai-based company.

Brazilian RegTech startup IDwall has secured $600,000 in an investment co-led by Brazilian VCs Monashees Capital and Canary.

The Mumbai-based payments service was acquired by the e-commerce giant in April 2015 for $400m and competes with in the region with Alibaba-backed Paytm.

London PropTech startup Nested has raised a new £8m round of funding following on from the £1.2m it picked up in September. Existing backer Passion Capital led the round.

Japanese web giant Rakuten is making another European investment through its $100m FinTech fund backing insurance e-commerce startup Simplesurance.

Insurance policy comparison bot Insurify has raised $4.6m in a Series A round co-led by MassMutual Ventures and Nationwide Ventures.

Bill payments firm Noventis has secured $4m in debt financing from Silicon Valley Bank to fuel growth of its processing platform. The Houston-based company serves more than 5,000 originators