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Evernorth Announces Effectiveness of Form S-4 Registration Statement, Progresses Toward Planned Nasdaq-Listing

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Armada Acquisition Corp. II shareholders to vote on the transaction at a special meeting on September 30, 2026; if approved and the transaction closes, the combined company is expected to list on Nasdaq under the ticker “XRPN”Evernorth intends to deploy capital across the XRP economy through strategies designed to grow XRP per share over time

SAN FRANCISCO, Aug. 27, 2026 /PRNewswire/ — Evernorth Holdings, Inc. (“Evernorth”), a digital asset treasury building institutional access to the XRP economy at scale, and Armada Acquisition Corp. II (“Armada”) today announced that the U.S. Securities and Exchange Commission (the “SEC”) has declared effective the registration statement on Form S-4 relating to their proposed business combination.

“Today marks an important milestone toward completing our proposed business combination,” said Asheesh Birla, founder and CEO of Evernorth. “We set out to build an actively managed XRP treasury with the transparency and governance public markets demand. With the registration statement now effective, we are one step closer to delivering on our vision.”

Evernorth is a digital asset treasury company that holds XRP and will be actively participating in the XRP economy by allocating its capital to XRP-based infrastructure and deploying treasury strategies designed to grow XRP per share over time. The model is designed to provide a regulated, transparent vehicle for public-market investors seeking exposure to the XRP ecosystem.

Unlike the first generation of digital asset treasury companies, which focused primarily on buying and holding their underlying digital asset tokens, Evernorth is designed to actively manage its underlying treasury of XRP and by so doing expand the utility, value and scale of the XRP ecosystem.

“What excites me most is the opportunity in front of us,” Birla continued. “We plan to enter public markets as blockchain utility continues to grow, and we believe institutional finance will increasingly be built on-chain. Evernorth is designed to accelerate XRP‘s role in that work.”

The development of infrastructure for institutional on-chain finance is well underway, and tokenized assets, on-chain credit markets, and settlement rails all require capital to scale. Evernorth intends to be a source of that capital, with the reporting, governance and disclosure standards of a Nasdaq-listed company.

The company’s investors reflect that institutional foundation. Evernorth’s investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others. The business combination is expected to close in late Q3 or early Q4 2026, subject to shareholder approval and customary closing conditions.

Special Meeting Details

Effectiveness clears the way for Armada to convene a special meeting of its shareholders of record as of August 20, 2026 (the “Record Date”) to vote on the transaction, which will be held on September 30, 2026. That vote is one of the last key milestones before Evernorth’s debut as a public company on Nasdaq, where the combined company is expected to trade under the ticker “XRPN,” subject to the completion of the business combination and satisfaction of customary listing conditions. If approved, the proposed business combination is expected to close shortly thereafter, subject to the satisfaction of customary closing conditions.

About Evernorth

Formed through a business combination (to be completed) between Evernorth and Armada II, a NASDAQ-listed special purpose acquisition company (the “Business Combination”), pursuant to a definitive business combination agreement (the “Business Combination Agreement”), Evernorth, at closing, will be a publicly traded digital asset treasury that provides investors with exposure to XRP through a regulated, liquid, and transparent structure. Evernorth intends to pursue strategies designed to grow its XRP per share over time through yield strategies, ecosystem participation, and capital markets activities. To learn more, please visit www.evernorth.xyz.

About Armada Acquisition Corp. II

Armada II is a special purpose acquisition company sponsored by Arrington XRP Capital Fund, LP. Armada II was founded on October 3, 2024. Armada II is led by the following seasoned investors and industry executives: Taryn Naidu, Chief Executive Officer, Michael Arrington, Chairman, Kyle Horton, Chief Financial Officer and board members Michael Arrington, Taryn Naidu, Richard Danis, Lindy Key and Ronald Palmeri. To learn more, visit www.arringtoncapital.com/armada.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed business combination, expected Nasdaq listing, and anticipated treasury strategies. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including those described in the registration statement on Form S-4 filed with the SEC. Neither Evernorth nor Armada undertakes any obligation to update these statements, except as required by law.

Additional Information and Where to Find It

Evernorth filed with the SEC a registration statement on Form S-4 (the “Registration Statement”), which has been declared effective, in connection with the proposed business combination (the “Business Combination”), the private placements of securities in connection with the Business Combination (the “Private Placement Transactions”) and the other transactions contemplated by the Business Combination Agreement and/or as described in this press release (together with the Business Combination and the Private Placement Transactions, the “Proposed Transactions”). The Registration Statement was declared effective on August 27, 2026, and the definitive proxy statement and other relevant documents will be mailed to shareholders of Armada II as of the close of business of Record Date to be established for voting on the Business Combination and other matters as described in the Proxy Statement/Prospectus. Armada II and Evernorth have also filed other documents regarding the Proposed Transactions with the SEC. This press release does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF ARMADA II AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH ARMADA II’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT ARMADA II, PATHFINDER DIGITAL ASSETS, EVERNORTH AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or to be filed with the SEC by Armada II and Evernorth, without charge, once available, on the SEC’s website at www.sec.gov, or by directing a request to: Armada Acquisition Corp. II, 382 NE 191st St., Suite 52895, Miami, Florida 33179-3899; e-mail: finance@arringtoncapital.com, or to: Evernorth Holdings Inc., 600 Battery St, San Francisco, CA 94111, email: finance@evernorth.xyz.

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION, OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS PRESS RELEASE. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

Participants in the Solicitation

SPAC, Pubco, Company and their respective directors and executive officers may be deemed under SEC rules to be participants in the solicitation of proxies from SPAC’s shareholders in connection with the Business Combination. A list of the names of such directors and executive officers, and information regarding their interests in the Business Combination and their ownership of SPAC’s securities is, or will be, contained in SPAC’s filings with the SEC. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies from SPAC’s shareholders in connection with the Business Combination, including the names and interests of Company and Pubco’s directors and executive officers, will be set forth in the Proxy Statement/Prospectus, which is expected to be filed by SPAC and Pubco with the SEC. Investors and security holders may obtain free copies of these documents as described above.

No Offer or Solicitation

This press release is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of SPAC, the Company or Pubco, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

Media Contact
Prosek Partners for Evernorth
pro-evernorth@prosek.com

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SOURCE Evernorth Holdings Inc.

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Sivers Semiconductors Expands Global Market Reach Through Strategic Agreement with WT Microelectronics

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Partnership leverages WT Microelectronics’ network of 25,000 customers across approximately 43 countries, expanding the global reach of Sivers’ InP lasers and wireless solutions

KISTA, Sweden, Nov. 11, 2026 /PRNewswire/ — Sivers Semiconductors AB (NASDAQ: SIVE) today announced a global distribution agreement with WT Microelectronics Co., Ltd. (TWSE: 3036), a world-leading electronics and semiconductors distributor.

With a 15% global market share, WT Microelectronics will serve as a strong global distribution partner for Sivers’ InP (Indium Phosphide) lasers and wireless beamformer products and solutions, connecting its product portfolio and availability at scale with customers globally. The agreement supports Sivers’ efforts to expand its commercial reach in markets where demand for optical technologies and high-capacity wireless connectivity continues to grow.

“WT is a global leader in electronics and semiconductors distribution. Partnering with WT Microelectronics and becoming their first laser line card gives Sivers access to an established global distribution network, strong demand creation capabilities and the ability to support production ramp fulfilments at scale,” said Vickram Vathulya, CEO of Sivers Semiconductors. “The WT partnership commitment is an indication of the strength of the innovation and scale Sivers is bringing to the ecosystems in AI infrastructure, SATCOM and defense.”

According to the Yole Group, InP continuous-wave DFB lasers for the AI photonics market is set to grow at 63% annually to $43.5B by 2031. And among the various applications for mmWave BFICs, the LEO (low earth orbit) SATCOM market is a fast-growing segment, where the Yole Group sees an expected growth of up to $1.2B by 2031.

“We are pleased to add Sivers’ CW lasers and wireless beamformer technologies to our portfolio. These solutions address important and expanding markets, including AI data center connectivity, satellite communications, and next-generation wireless,” said Joseph Cheng, SVP of Marketing at WT Microelectronics. “Our global distribution network and established customer relationships position us to bring these technologies to customers seeking advanced connectivity solutions. We look forward to working with Sivers to capitalize on these market opportunities.”

For more information, please visit https://www.sivers-semiconductors.com/. 

About Sivers Semiconductors

We are Critical Enablers of a Greener Data Economy with Energy Efficient Photonics & Wireless Solutions. Our differentiated high-precision laser and RF beamformer technologies help our customers in key markets such as AI Data Centers, SATCOM, Defense, and Telecom solve essential performance challenges while enabling a much greener footprint. Visit us at: www.sivers-semiconductors.com.

About WT Microelectronics

WT Microelectronics is a global top three electronic components distributor with end-to-end capabilities and a diversified geographic presence across Asia Pacific, the Americas and EMEA. Founded in 1993 initially as a Taiwan-based semiconductor components distributor, WT Microelectronics’ position is further strengthened by the acquisition of Future Electronics to become a truly global player. Together with Future Electronics, WT Microelectronics is partnering with over 400 suppliers across major technology segments to serve a highly diversified customer base of over 25,000 customers worldwide. Additional information about WT Microelectronics can be found at https://www.wtmec.com/.

Forward-looking statements

This press release contains forward-looking statements, including statements regarding expected orders, the timing and scale of the customer’s production ramp, deliveries, market development and revenue potential. Such statements are based on current expectations and are subject to risks and uncertainties, including the customer’s production plans, end-market demand and Sivers’ manufacturing capacity, which could cause actual results to differ materially. Sivers undertakes no obligation to update any forward-looking statements, except as required by applicable law.

CONTACT:

Media Contact   
Tyler Weiland 
Shelton Group
+1-972-571-7834
tweiland@sheltongroup.com

Company Contact
Heine Thorsgaard
CFO 
ir@sivers-semiconductors.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/sivers-semiconductors/r/sivers-semiconductors-expands-global-market-reach-through-strategic-agreement-with-wt-microelectroni,c4422591

 

 

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SOURCE Sivers Semiconductors

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The Tech Show 2026 Sets the Stage for a Smarter 2027 with Next-Generation Home and Lifestyle Technology

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Tech into the New Year from 13-15 November 2026 at Suntec Convention Centre Levels 3 and 4, with exclusive shopping rewards, and a celebration of gaming and pop culture – from esports to trading card games and collectibles – at the co-located Game Fest 2026, organised by C2E4.

SINGAPORE, Nov. 11, 2026 /PRNewswire/ — A smarter home, a refreshed workspace or a gift worth unwrapping: The Tech Show 2026 puts everyday upgrades and festive finds in the spotlight at Suntec Convention Centre from 13 to 15 November 2026. Under the tagline “Tech into the New Year”, the three-day event invites visitors to discover and shop year-end tech upgrades for Work, Home and Play.

Organised by COMEX-IT Group Pte Ltd, the team behind Singapore’s biggest consumer tech exhibitions such as IT SHOW, Consumer Electronics Exhibition (CEE) and COMEX, The Tech Show 2026 showcases lifestyle tech brands across home appliances, connected living solutions, ergonomic furniture, gaming gear and IT. Visitors can experience products in person, compare their options and enjoy exclusive show offers as they tick off their year-end wish lists. Participating brands include:

1MORE, ACER, AFTERSHOCK, ASUS, AIBI, BEST DENKI, CR GROUP, DREAMCORE, DYSON, ECOVACS, ERGOTUNE, FOUR STAR, GIGA, GOODLIVING, GOOGLE, HINOMI, HISENSE, HONOR, HYDROFLUX, JISULIFE, LENOVO, LIVINGCARE, MIDEA, MOWE, PHILIPS, PRISM+, ROBOROCK, RUHENS, SAMSUNG MOBILE, SECRETLAB, SINGTEL, SHARK NINJA, STARHUB, TINECO, TCL, TORRAS, TOSHIBA, TRIDENT AIR, TTRACING, ULTI and more.

New Launches

Among the new launches at this year’s edition of The Tech Show are the Hisense C3 Ultra 4K Triple Laser Mini Projector, bringing entertainment to screens of up to 300 inches, and the TTRacing TILVO Active Tech Desk, designed to adapt to different working positions. TTRacing also introduces its ORA Sofa Chair BT21 Collection, featuring characters created through LINE FRIENDS’ collaboration with global pop group BTS. Available at The Tech Show in KOYA and RJ designs, the chairs combine powered reclining, swivel and rocking functions for everyday relaxation.

Homegrown brand PRISM+ will also unveil a new series of monitors in an all-white design, aimed at Mac users and those who favour minimalist desk setups. The range has a monitor for every kind of desk, from everyday work and casual gaming to professional editing on its new 6k flagship. Visitors can experience the monitors firsthand at the show, where further details and preorder pricing will be announced.

At home, the Tineco S6 Stretch Extreme II reaches beneath furniture with its 180° lay-flat design, while the Airlift Fusion concealed automated laundry rack combines heated drying, three-tone lighting and a UV function in a space-saving design. Other launches include the Mowe Skin Care+ Water Heater, Aerogaz’s latest slim kitchen hood and the GENESIS P800FMax 24K Gold Limited Edition digital lock, bringing added convenience and distinctive design to everyday spaces.

Check Out of 2026, Check Into 2027

Bringing the year-end shopping festivities to life, The Tech Show 2026 introduces the “67” Cashback Bonanza, offering shoppers two ways to be rewarded.

Under the 67 Tiered Rewards, shoppers can receive $50 in cash rebates with spending of $3,000–$5,000, $100 with spending of $5,001–$10,000, or $200 with spending above $10,000. Up to three same-day receipts may be combined, with rewards limited to the first 67 customer redemptions per tier daily.

Alternatively, shoppers can also participate in the “Spot ’67’. Score $67.” challenge through the 67 Lucky Cash Rebate. Those who spend at least $67 in a single same-day receipt, with the digits “6” and “7” appearing consecutively in the final receipt amount, can qualify for a chance to receive a $67 cash rebate. This option is limited to 67 lucky winners throughout the show.

The “67” theme also extends to participating exhibitors’ offers, from 67% discounts to deals limited to 67 sets. Highlights include the 1MORE S31 Earbuds at $39, down from $119 and limited to 50 sets, while selected TTRacing Maxx Gaming Chairs — Pain, Itachi and Tobi Editions — will be available at $276, down from $839, at 67% off for the first 67 minutes.

For festive gifting, the Secretlab TITAN Extra Extra Small in Plush Pink will be available at $120, compared with its usual price of $419, with no minimum spend for the first 67 customers. Home upgrades include the Yu Home YU STEAM PRO™ Cordless Steam Wet & Dry Floor Washer at $299, down from $899, with free delivery and limited to 67 sets. Visitors can also pick up the TCL Q7D Pro 55-inch SQD-Mini LED TV at $1,649, down from $2,899, with 67 sets available throughout the show.

Scribble Your Tech Highlight

Beyond shopping, visitors can capture a memory at the Scribble Booth by sharing their favourite tech purchase of 2026. Their handwritten message becomes part of a personalised video, available to download instantly — a keepsake to share as they “check out” of 2026 and “check into” 2027 at the last tech show of the year.

Game Fest Meets The Tech Show

Adding to the weekend’s experience, Game Fest 2026 brings its grand finale to The Tech Show on Level 4 from 13-15 November. From esports to community gaming and trading card games, visitors can explore gaming and creative culture alongside their next tech purchase. For program details and ticket purchases, visit gamefest.sg.

Admission to The Tech Show 2026 is free. Visitors are encouraged to register or log in to the Official Show Guide to browse show offers, view exhibitor e-brochures and the digital floor plan, and access participating deals and shopping rewards. For the latest updates and access to the Show Guide, visit https://showguide.comexitgroup.com.sg/

Event Details

Dates: 13 to 15 November 2026, Friday to Sunday

Venue: Suntec Convention Centre, Levels 3 & 4 (Halls 401-406)

Timing: 11am to 9pm (Level 3), 12pm to 9pm (Level 4)

Admission: Free Entry to The Tech Show 2026

Website: www.comexitshow.com.sg

COMEX-IT GROUP

COMEX-IT Group Pte Ltd is a Singapore-based events company specializing in the management and organization of large-scale consumer technology exhibitions. Backed by a team with strong track records and decades of industry experience, we are proud to steward some of the nation’s most established and recognized event brands, including COMEX, IT Show, Consumer Electronics Exhibition (CEE), and The Tech Show (TTS).

Our mission is to deliver impactful, high-quality experiences that connect consumers with the latest innovations in tech — while offering an exciting and rewarding shopping experience unlike any other.

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SOURCE COMEX-IT Group Pte Ltd

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ClearScore launches industry-first, free rent reporting to all major credit bureaus to help renters build their credit score

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New service enables millions of renters to build their credit score by ensuring their rental payments are recognised on their credit report, solving a long-standing inequality in the credit system

LONDON, Nov. 11, 2026 /PRNewswire/ — ClearScore, a global, data-driven, financial services platform that allows people to understand credit and access financial products, has today launched completely free rent reporting for millions of renters in the UK.

The new service enables users to report their rent payments to all three major credit bureaus – Experian, Equifax and TransUnion – directly through the ClearScore app or website.

Free to use and simple to set up, the service helps renters build a fuller financial track record through their regular rental payments. By bringing rental payments into credit reports, the service also gives lenders a more complete picture of an individual’s financial history when assessing creditworthiness.

ClearScore’s Rent Reporting addresses a long-standing gap in the credit system, where one of the biggest and most consistent payments renters make each month has not always been reflected in their credit history. While mortgage payments are recognised on credit reports, rental payments have historically not received the same recognition, putting renters at a disadvantage.

UK governments have backed pilots and considered parliamentary proposals to make rent reporting law since 2017, most notably the Creditworthiness Assessment Bill. ClearScore has now solved one of the UK’s long-running financial inclusion and fairness issues, with a completely free service that can be set up in minutes using ClearScore, the UK’s leading credit score and report app.

Rt Hon Justine Greening, Chair of The Purpose Coalition and Former Secretary of State for Education, said:

“Opportunity should be determined by talent and hard work, not by the barriers built into our systems. Back in 2018, I championed the Creditworthiness Assessment Bill because I believed it was fundamentally unfair that millions of renters could pay their rent reliably every month without that financial responsibility being properly recognised.

“Eight years on, it is fantastic to see ClearScore develop a practical, free solution to this longstanding issue. By using technology to ensure rental payments are reflected in people’s credit histories, ClearScore is helping to break down a barrier that has held too many people back from accessing affordable credit and taking the next step towards homeownership.

“This is what social mobility is about: ensuring that people’s efforts count and that innovation translates into real opportunities. ClearScore’s work demonstrates how businesses can help change systems for the better, giving more people the chance to get on in life.”

Justin Basini, Co-founder and CEO at the ClearScore Group, said:

“ClearScore is giving UK renters something that we feel is long overdue: free rent reporting, connected to all three credit bureaus, means that every rent payment finally counts.

“Completely free and simple to set up in the ClearScore app, this is a service to help millions of renters finally get greater recognition for the financial track record they are already building. It’s an issue that policymakers have been grappling with for almost a decade, and we are delighted to have developed this solution, bringing rent reporting to people across the UK helping them build positive credit history and demonstrate their creditworthiness.”

David Bernard, CEO at Equifax UK&I, said: 

“This expansion of our strategic long-term partnership with ClearScore marks a major step forward for financial inclusion. Our latest Financial Health Report revealed that up to one in four UK adults have a limited credit file or no traditional credit footprint at all. By bringing more rental data into Equifax credit reports, we’re giving the UK’s nine million renters greater control over their credit profiles and helping to unlock their access to credit. At the same time, it equips lenders to make more informed decisions, promote responsible lending and helping people live their financial best.”

The launch comes as new research – commissioned by ClearScore and carried out by 3Gem* – reveals the average renter has paid almost £60,000 in rent over their lifetime, while one in five (19%) say they have paid more than £100,000. For many, those payments are already comparable to the cost of owning a home, with seven in ten (71%) estimating they are paying the same as or more in rent than they would on a mortgage for a suitable home.

Yet many renters do not feel that their financial track record is helping them move closer to homeownership. Three in five (61%) feel frustrated they can afford their rent but do not believe they could qualify for a mortgage, while two-thirds (66%) believe their rental payment history would help them get a mortgage if lenders could see it.

This comes at a time when renting is both expensive and, for many people, increasingly long-term, with Office for National Statistics figures** showing the average UK private rent reached £1,393 a month in July 2026, up 3.7% year-on-year.

The rent reporting service, leveraging open banking technology, builds on ClearScore’s wider financial services ecosystem, spanning consumer credit, mortgages and embedded finance. Across the Group, consumer-permissioned data and technology are used to help people better understand and manage their finances, as well as access credit and mortgages.

Notes to editors

 *Research conducted online by 3Gem among 1000 renters in September 2026.
** https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/privaterentandhousepricesuk/august2026 

About The ClearScore Group

The ClearScore Group is a leading, data-driven, financial services platform, helping over 27 million people understand credit, access financial products and manage their borrowing. The Group operates a network of financial marketplaces and B2B data platforms across the UK, South Africa, Australia, New Zealand and Canada. 
As well as a consumer app, the Group includes technology platforms for businesses, including an open banking platform for lenders (D•One), a CRM software platform for mortgage brokers (Score) and an embedded credit marketplace for retailers and financial services providers (ClearScore Everywhere). 
The Group combines user-permissioned data at scale, cutting-edge technology and a strong consumer brand to match a loyal user base with a network of over 200 partners across five markets.

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