APOLLO Insurance, a leading Canadian digital insurer, has teamed up with Zenbase to offer credit reporting services, marking a significant stride in financial inclusivity. Through this partnership, APOLLO customers gain access to Zenbase's CreditBuilder solution, allowing them to leverage existing rent payments to bolster their credit.
Since its 2019 digital platform launch, APOLLO Insurance has been a pioneer in embedded finance, collaborating with various entities to integrate insurance seamlessly into workflows. The strategic partnership with Zenbase aligns with APOLLO's commitment to enhancing the leasing experience for its customers.
Zenbase, recognized for its fintech innovations, provides automated rent reporting and split rent payment solutions. Users can automatically report rental payments to Equifax, contributing to the establishment or reinforcement of creditworthiness.
Koray Oztekin, Zenbase's CEO, sees APOLLO's digital and resident-centric approach as an ideal match for their mission to redesign rent payments, particularly benefiting unbanked or underbanked individuals.
APOLLO Insurance customers now enjoy exclusive rates for using Zenbase to report rent payments, fostering credit building. Jeff McCann, APOLLO's CEO, highlights the synergy between a healthy credit score and a comprehensive risk management strategy for tenants.
This collaboration, aimed at empowering individuals and streamlining financial processes, signifies a joint effort to create a more inclusive and financially empowered future for Canadians. As APOLLO Insurance and Zenbase join forces, they bring together insurance and credit-building solutions to benefit a diverse range of residents.