On Finovate.com

• BondIT Raises $4 Million in New Funding, Adding to Series B.

• Mortgagetech Magnates Ellie Mae and Blend Team Up.

Around the web

• Merchant Bank of Sri Lanka & Finance to deploy core account processing platform and front-end teller systems from Fiserv.

• PayPal expands its relationship with Google Pay, enabling PayPal as a payment option across the Google ecosystem.

• Revolut announces plans to open office in Edinburgh, Scotland later this year.

• Prosper increases borrower lending cap to $40,000, matching Lending Club’s cap.

• OurCrowd signs MOU with Intesa Sanpaolo to promote access to capital.

• IDG Connect interviews CurrencyCloud CTO Ed Addario.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.