APOLLO Insurance

Digital insurance for small businesses and freelancers

Vancouver, British Columbia, Canada

About APOLLO Insurance

Apollo Cover provides insurance products specifically designed for small businesses, freelancers, and individual clients in Canada. Their offerings include coverage for property damage, liability issues, and personal losses. The company operates through an online platform that simplifies the insurance purchasing process, making it easy for clients to understand their policies. Unlike traditional insurance providers, Apollo Cover focuses on the unique needs of small businesses and freelancers, which often struggle to find suitable coverage. By selling insurance directly to consumers, they eliminate the need for brokers, reducing costs and increasing efficiency. Additionally, Apollo Cover publishes Apollo Magazine, which offers insights on various topics to support their clients' personal and professional growth. The goal of Apollo Cover is to provide tailored insurance solutions that help their clients manage risks effectively and achieve their objectives.

Vancouver, CanadaHeadquarters
2018Year Founded
$10.4MTotal Funding
DEBTCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Risks

Increased competition from new digital insurance startups could erode Apollo's market share.
Rapid expansion into new product lines may strain operational resources and affect service quality.
Reliance on technology makes Apollo vulnerable to disruptions impacting customer satisfaction.

Differentiation

Apollo is Canada's largest online insurance marketplace, offering instant policy issuance.
Apollo's digital platform caters specifically to small businesses and freelancers.
Apollo's direct-to-consumer model eliminates traditional brokers, reducing costs and increasing efficiency.

Upsides

Apollo's partnerships enhance its embedded insurance offerings, increasing customer acquisition.
The launch of FinShore introduces a buy-now-pay-later model, expanding revenue streams.
Apollo's tailored insurance products meet the growing demand from small businesses and freelancers.

Funding

Total raised$10.41 M
Latest valuation$67.50 M
StageDEBT
$10
$67.50 M
ANGEL
5/31/2019
$1
$4.00 M