Apollo Global Management, Inc. (Apollo) has acquired a 24.9% stake in a Fintech-focused private equity firm, Motive Partners’ (Motive) management company, for an undisclosed amount. However, industry experts value the deal at $1 billion. With this, Apollo and its affiliates would become limited partners in… Read More
Apollo Insurance Solutions Ltd. (TSXV: APLO Reserved), a Canadian online insurance provider, announced on Thursday it has secured coverholder status with Lloyd’s of London. APOLLO reported that the status gives it access to an expanded product portfolio and the ability to manufacture products… Read More
Apollo Exchange, a Canada-based insurtech startup, recently announced it has officially entered the U.S. insurance market. Apollo reported that it entered the American market with a liability insurance product tailored for educators in California. Its insurance product allows consultants, instructors, and therapists to purchase their… Read More
Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it is now responsible for the entire payment processing in the e-commerce shop of Apollo, which is described as one of the largest optical retailers in Germany. Wirecard reported that it ensures smooth… Read More
RCS Capital Corporation (“RCS Capital”) (NYSE: RCAP) announced the closing of its previously announced private placement of $37.5 million of newly issued convertible preferred stock. In addition, RCS Capital revealed the addition of Marc Rowan, co-founder of Apollo Global Management, LLC (together with its subsidiaries, “Apollo”) (NYSE: APO), and Anthony… Read More
Vince Passione, LendKey CEO, cemented a $1 billion deal to re-finance student loans as he positions his company to challenge marketplace lending platforms like SoFi and CommonBond. This may be the biggest funding deal to date and is just further evidence of the intense interest… Read More
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