APOLLO Insurance Makes Waves in the Industry with FinShore Launch and Funding Boost
May 29, 2024, 3:33 pm
Location: Canada, British Columbia, Vancouver
Employees: 51-200
Founded date: 2018
Total raised: $13.57M
APOLLO, a leading digital insurance provider based in Canada, has recently secured a substantial funding of C$18.5 million and unveiled FinShore, a groundbreaking buy-now-pay-later subsidiary that is set to transform the insurance landscape for over 100,000 Canadians. The funding, spearheaded by Fair Capital Partners and Innovation Federal Credit Union, signifies a significant milestone for APOLLO as it continues to innovate in the emerging embedded finance sector.
The introduction of FinShore will provide a fully embedded monthly payment option for insured Canadians, particularly renters, offering them greater flexibility in managing their insurance premiums. Moreover, the subsidiary will play a crucial role in supporting APOLLO's network of insurance broker partners who utilize the APOLLO platform to conduct insurance transactions on behalf of their clients.
Since its inception in 2019, APOLLO has been at the forefront of digital insurance solutions, collaborating with property management companies, proptech firms, insurance brokers, and other organizations to seamlessly integrate insurance products into their existing workflows. Notable partners include industry giants such as QuadReal, InterRent, and Yardi Systems, showcasing APOLLO's commitment to driving innovation and efficiency in the insurance sector.
The launch of FinShore represents a significant leap forward for APOLLO, enabling the company to cater to the evolving needs of Canadian consumers and provide them with convenient and accessible insurance solutions. With the support of key partners such as Fair Capital Partners, Innovation Federal Credit Union, and PricewaterhouseCoopers Corporate Finance Debt & Capital Advisory, APOLLO is well-positioned to continue its trajectory of growth and success in the industry.
The introduction of FinShore will provide a fully embedded monthly payment option for insured Canadians, particularly renters, offering them greater flexibility in managing their insurance premiums. Moreover, the subsidiary will play a crucial role in supporting APOLLO's network of insurance broker partners who utilize the APOLLO platform to conduct insurance transactions on behalf of their clients.
Since its inception in 2019, APOLLO has been at the forefront of digital insurance solutions, collaborating with property management companies, proptech firms, insurance brokers, and other organizations to seamlessly integrate insurance products into their existing workflows. Notable partners include industry giants such as QuadReal, InterRent, and Yardi Systems, showcasing APOLLO's commitment to driving innovation and efficiency in the insurance sector.
The launch of FinShore represents a significant leap forward for APOLLO, enabling the company to cater to the evolving needs of Canadian consumers and provide them with convenient and accessible insurance solutions. With the support of key partners such as Fair Capital Partners, Innovation Federal Credit Union, and PricewaterhouseCoopers Corporate Finance Debt & Capital Advisory, APOLLO is well-positioned to continue its trajectory of growth and success in the industry.