Micro-lending platform KrazyBee has bagged a $8m Series A financing round led by Xiaomi Technologies and Shunwei Capital.

India-based insurance product marketplace Policybazaar has reportedly closed a funding round from Info Edge, in a deal was worth around $7.7m.

Invoice solution platform VersaPay has raised around $10.7m from the sale of common shares. The company completed the non-brokered private sale of 6.29m common shares in the company at $1.70 apiece. Canada-based VersaPay provides cloud-based invoice-to-cash solutions to help businesses speed up financial operations and ensure invoices are paid quicker. The platform ARC system gives clients a self-service environment where they...

Paris-based insurance software solutions provider Prima Solutions has acquired analysis and predictive tool company Tricast.

Private equity firm Riverside Partners has sold its stake in risk and compliance platform Pilgrim Quality Solutions to an unnamed buyer.

IBM has announced a new blockchain banking solution to help financial institutions address the processes of universal cross-border payments.

Vision Credit, a Chinese consumer finance provider, has closed an undisclosed Series C investment round.

Digital Asset Management, a blockchain startup founded by former JPMorgan exec Blythe Masters, has closed a $40m Series B round of funding.

India YES Bank and Abu Dhabi Global Markets have signed an agreement to further foster cross-border exchange between the FinTech ecosystems of the UAE and India.

Wave, a business financial management (BFM) solutions provider, will integrate its invoicing, accounting, and business financial insights technology into Royal Bank of Canada’s online banking platform.