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APOLLO Launches Digital Trades and Contractors Insurance Product with Definity
APOLLO Insurance Solutions, a leading Canadian digital insurance provider, has partnered with Definity Financial Corporation to add coverage for Trades and Contractors to APOLLO’s catalog of products. Definity is a Canadian multi-channel insurance company, which was formed in 2021 to deliver on the evolving needs of the industry.
Global X Taps DRW as Liquidity Provider for its Digital Assets Exchange-Traded Products (ETPs)
Global X ETFs, a leading global provider of exchange-traded funds (ETFs), announced that it has engaged liquidity provider DRW, a diversified trading firm, as a market maker for its newly launched digital assets ETPs. The addition of DRW, with its deep expertise in rapidly changing crypto markets will help provide the platform with liquidity from launch.
ReverseAds Secures Funding From Choco Up, Asia’s Leading Revenue-based Financing Platform
Choco Up, Asia’s leading revenue-based financing and growth platform, announced its US$600K funding partnership with leading keyword advertising technology start-up, ReverseAds. Through Choco Up’s funding, ReverseAds will be accelerating its business growth in APAC, Europe and the United States – including opening the firm’s first office in Australia, ramping up research in product development, and expanding the team to support its accelerating growth.
Encompass Corporation Raises $33 Million in Funding to Automate KYC for Global Banks, Expand Globally
Encompass Corporation, the provider of intelligently automated Know Your Customer (KYC) solutions, announced the completion of a successful capital raise of approximately $33M (£25M). Perennial Partners, a major Australian investment management company, served as the lead investor, joined by financial services focused principal investing firm Serendipity Capital, Seven Seat Capital, and FinTech investment firm Microequities Asset Management.
Stilt Raises $114 Million, Launches Onbo — The First B2B Credit Infrastructure That Allows Companies to Offer a Credit Product Without a Bank Sponsor
Stilt, the leading provider of financial services for immigrants, announced it has raised $14 million in Series A funding led by Link Ventures, with participation from Petrushka Investments, Hillsven Capital, Gokul Rajaram, Claire Hughes Johnson (COO, Stripe), Ott Kaukver (CTO, Checkout.com), Rahul Vohra (CEO, Superhuman), Josh Buckely, and others. Stilt also has closed on a new $100 million debt facility for lending to its loan customers, bringing its total raised to $375 million in equity and debt financing.
