Somalytics Closes Seed Funding Round, Attracts Additional Investors

SEON announced the close of its $80 million Series C round of funding, led by Sixth Street Growth

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

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

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.