Sector Updates

Chinese group deals and online-to-offline (O2O) platform Meituan-Dianping has acquired payments startup Qiandai.

Artificial intelligence-driven due diligence processor Luminance has raised $3m in a new round of funding from Invoke Capital Partners.

Australian peer-to-peer lending platform SocietyOne is partnering with Beyond Bank Australia.

Blockchain post-trade startup Juzhen Financials has raised $23m in a Series A round of funding. The investment was led by Wanxiang Holdings.

Indonesian micro-lending firm UangTeman has raised an undisclosed pre-series A round in equity funding.

UK online property marketplace Zoopla is pushing into the rapidly growing property investment space with a new peer-to-peer lending and property ISA channel.

Artificial intelligence-driven InsurTech startup Brolly has raised $13,360 in a seed round of funding. The investment in the London-based startup comes from Entrepreneur First and Innovate Finance.

Skyhigh Networks, which enables enterprises to adopt cloud services while meeting their security, compliance, and governance requirements, has closed a $40m Series D round.

East African payments processor Direct Pay Online Group (DPO Group) has received an investment from Apis Partners.

Alumni fundraising management platform Funderful has raised €150,000 in a seed round of funding from Baltic accelerator StartupHighway and two angel investors.