iCover Raises $5 Million in Pre-Series A Funding

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, 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.

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, 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.

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