The collaboration allows APOLLO Insurance’s extensive customer base to leverage Zenbase’s CreditBuilder solution, utilizing their existing rent payments to bolster their credit profiles seamlessly.
Since its inception in 2019, APOLLO Insurance has been a trailblazer in the digital insurance realm, catering to Canadian consumers with a suite of fully digital insurance products. Over time, the company has forged strategic alliances with property management firms, proptech companies, insurance brokers, and other entities to integrate insurance solutions into their operational workflows. Particularly noteworthy is the seamless integration of insurance purchase processes into leasing workflows for property managers.
Zenbase, renowned for its innovative credit-building solutions, offers Canada’s sole automated rent reporting system and the most widely used split rent payment service. Through its platform, Zenbase empowers individuals to proactively improve their financial health by automatically reporting rental payments to Equifax, thereby helping them establish or reinforce their creditworthiness.
“APOLLO’s digital first and resident centric approach to insurance makes them an ideal partner for Zenbase,” said Koray Oztekin, Zenbase Founder and CEO. “As part of our mission to redesign rent payments for the financial health of unbanked or underbanked individuals, including newcomers, this partnership will make rental reporting available to more residents and create substantial ESG value for all stakeholders.”
According to APOLLO, its customers are eligible for exclusive rates to use Zenbase for reporting both current and past rent payments to Equifax, facilitating the process of building their credit history. Establishing a strong credit profile can assist Canadians in reducing interest payments and accessing savings on a range of financial products.
“A healthy credit score goes hand in hand with other aspects of a tenant’s risk management strategy, so offering Zenbase’s solution alongside their insurance makes sense for our customers,” said Jeff McCann, Founder and CEO of APOLLO.
He added: “We are excited to work with Zenbase to continue to add value to our customers with this tool.”
Author: Joanna England