Capital markets

Several startups have announced new funding rounds in the last month. They plan to use the cash to improve their products and ramp up sales.

Seoul-based Viva Republica, which is seeing brisk growth with Toss, its person-to-person payments app, recently drew $48 million in venture capital funding. The series C funding round was led by Silicon Valley’s Goodwater Capital, along with PayPal, Bessemer Venture Partners, Altos Ventures and Partech Ventures.

The fintech firm will use the $5.5 million in funding to expand its operations and improve its products.

Innovate Indiana is taking part in a $2.6 million investment in Rippleshot, a company that uses artificial intelligence to detect card fraud.

The cross-border payments startup will use proceeds from its Series D round to fuel growth.

Qapital's funding round comes as banks are increasingly adding money management tools to their mobile apps.

ID.me raised $19 million in a Series B round that was led by FTV Capital and included USAA.

San Francisco-based Align Commerce, which leverages blockchain and other technologies to enable cross-border payments for small- to midsize businesses, has rebranded itself as Veem and landed $24 million in funding to expand its operations.

Chinese financial-technology investments this year may exceed 2016’s record $10 billion as companies continue to raise funds for expansion and big banks grow their digital services, according to Accenture Plc.

Venture capital often moves like a tide. Janet Bannister seeks opportunity that's just a bit farther out.