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Thursday, September 25, 2025
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Spare Secures $5mln in Pre-Series A Funding to Build the Next Generation of Open Banking Infrastructure

Spare, a fast-growing open banking infrastructure provider based in Riyadh, raised USD 5 million in a pre-Series A funding round

HALA Raises $157m in One of the Middle East’s Largest Fintech Series B Rounds, Led by TPG and Sanabil Investments

HALA raised $157 million in a Series B investment round, one of the largest fintech Series B funding rounds in the Middle East

KKR Agrees to Acquire Newday’s Consumer Credit Portfolio From Cinven and CVC

Cinven and CVC have agreed to sell NewDay’s portfolio of consumer credit receivables to private credit funds and accounts managed by KKR, a leading global investment firm.

Polygon Labs and Cypher Capital Expand Institutional Access to POL Across the Middle East

Polygon Labs, the core development team behind the Polygon ecosystem, has launched a new initiative with Cypher Capital, a global investment firm specializing in digital assets and Web3 innovation, to launch a new initiative designed to expand institutional access to POL, the native token powering Polygon’s ecosystem. Cypher Capital, which recently acquired a significant amount of POL, will collaborate with Polygon Labs to provide structured strategies that enable institutional investors to gain exposure to POL while generating yield and strengthening the growth and security of the network.

More Than 1 in 3 Employees Have Withdrawn from Their Retirement Funds; Many Expect to Tap Them Again Next Year

Payroll Integrations, the technology company that’s reimagining how employers support employees’ financial well-being through benefit automation, has released the first part of its two-part 2025 Employee Financial Wellness Report. The second annual report reveals rising concerns over retirement stability, with 38% of surveyed employees reporting they have tapped their retirement funds and a third (33%) planning to do so within the next year. While withdrawals occur across all demographics, they are especially common among younger workers–nearly half (46%) of Gen Z employees report having taken out funds.

Fundbox Embeds Capital Into EverCommerce SaaS Platforms to Power Service SMBs

Fundbox, the leading embedded capital infrastructure provider for small and medium-sized businesses, has partnered with EverCommerce Inc. (NASDAQ: EVCM), a leading provider of SaaS solutions for service-based SMBs, to bring fast, flexible funding directly into the platforms customers use to manage their businesses.

ClearScore UK Triples Full Year Profit to £18.8m as Revenue tops £89m

The ClearScore Group, a global leader in financial marketplaces, has announced record results for its UK business for the year ending 31 December 2024. The combined Group is now producing close to £150m in annual revenue.

Florent Venture Partners launches AI-focused Luxembourg Venture Fund on fundcraft

Florent Venture Partners has launched its debut fund, a Luxembourg SCSp, to back founders building the next generation of AI-native applications across Northern Europe and beyond.

Propel Finance Provides an Embedded Finance Offering in Partnership with Select

Propel Finance, the UK’s fastest-growing asset finance lender, will work with Apple’s channel partners to offer finance solutions to small and medium businesses investing in Apple devices. The programme will be launched with Select, an Apple Premium Partner.

Business Loan Capital (BLC) Chooses LenderAI to Streamline Originations in its Bridge Lending Business

iBusiness Funding announced today a new partnership with Business Loan Capital (BLC), a private, non-bank, direct real estate lender. Leveraging iBusiness Funding’s LenderAI solution, BLC can now originate and process bridge loans faster and with greater transparency, enabling them to scale their lending business and originate more loans. By adopting LenderAI, BLC will empower applicants to gain the capital they need to thrive by streamlining loan approval processes.

South Africa’s Fintech Startup Float Raises $2.6m (R46 Million) to Scale

Four-year-old card-linked instalment platform Float has secured $2.6 million (R46 million) in funding

Float Launches New Hybrid Business Accounts: Spend Like Chequing, Earn Like Savings (Up to 4%)

Float today announced the launch of Float Business Accounts, Canada’s first fintech-built solution with zero fees, instant liquidity, market-leading returns and CDIC deposit insurance in a single account. This new account combines the everyday functionality of a chequing account with the earning power of a savings product—all without sacrificing speed, security or returns.

Rainforest Raises $29M Series B to Scale Seamless Embedded Payments for Vertical SaaS Platforms

Rainforest, an embedded payment provider purpose-built for SaaS platforms, raised an oversubscribed $29 million Series B funding round

Factris Secures €100M Funding Facility from Brand New Day Bank to Empower SMEs with Factoring Solutions

Factris, a leading European fintech specializing in financing solutions for small and medium-sized enterprises (SMEs) using invoices as collateral, is proud to announce the launch of a new funding partnership with Brand New Day Bank. The collaboration has resulted in a €100 million facility dedicated to financing SME factoring across Europe, enabling Factris to support sellers in nine countries and manage receivables from debtors in 27—primarily EU markets—demonstrating the scale and reach of its cross-border platform.

CE-Invests Joins $50 Million Funding Round for Flipspaces

CE-Invests, the strategic investments platform of Crescent Enterprises, today announced its participation in the $50 million Series C funding round for Flipspaces, a leading tech-first interior design and build company for commercial spaces operating across India and the USA.

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