APOLLO Insurance forms partnership with SME-focused platform

APOLLO Insurance forms partnership with SME-focused platform | Insurance Business Canada

APOLLO Insurance forms partnership with SME-focused platform

APOLLO Insurance has partnered with CAARY, an SME-focused financial platform, to offer customized digital insurance solutions to the platform’s users.

CAARY is a credit card solution for Canadian SMEs that still rely on personal credit, and is launching this fall. Utilizing the Mastercard network, CAARY features same-day credit card approval, no personal guarantee requirements, and near-instant virtual card issuance with physical cards to follow on demand.

“CAARY is at the cutting edge of fintech solutions for small and medium-sized businesses in Canada,” said APOLLO business development manager Yonas Alemyehu. “Their entirely digital solution for credit, expense and spending management is a great fit with APOLLO’s ability to offer a seamless online purchasing experience for small business insurance, saving customers both in time and money.”

"The partnership with APOLLO provides terrific value-add to our customers,” according to CAARY chief strategy officer Pat Finerty. “We want small and medium-sized enterprises in Canada to have access to a variety of fantastic benefits to help them grow their business. This partnership, which rounds out the CAARY offering, is another important step in that direction.”

Read more: APOLLO Insurance strikes up partnership with Smarter Loans

Last month, APOLLO struck a similar partnership deal with Smarter Loans – a financial products directory website that connects users with over 100 financial brands.