Wallace said the military side of Kabul airport was secure and that Britain was doing everything it could to evacuate British citizens and Afghans with links to Britain
"It's clear that the Indian variant is more transmissible and it's also true that the cases are going up, and that the levels of hospitalisation are going up."
"Now, we don't know exactly to what extent that is going to feed through into extra mortality, but clearly it's a matter of serious, serious concern."
The London-based financial technology startup is lining up FT Partners, a US-based fintech-focused investment bank, as its adviser on the new funding, which is expected to take place after the summer, the report added.
The company, which raised $500 million in a funding round at a valuation of $5.5 billion in early 2020, has established a presence in more than 35 countries.