COVU Continues Its Expansion with Seventh Acquisition: Aduna Insurance Agency Joins AI-Native Platform
Unlike traditional roll-ups or consolidators, COVU acquires only when agency partners seek to exit. In the case of Aduna, the agency had already been fully serviced through COVU's platform for over two years, making this transition seamless for customers and operationally efficient for the business.
'We've worked with the Aduna team since 2022, and this acquisition simply formalizes the reality of a partnership that's already delivering outcomes,' said Ali Safavi, CEO of COVU. 'We're here to support customers, protect books, and preserve relationships—even in moments of industry disruption.'
Supporting Customers in a Shifting Carrier Landscape
Aduna primarily served a Hispanic customer base in California, with 95% of its premium historically placed through Nationwide. Due to broader carrier strategy changes, Nationwide is set to non-renew all policies by September 2026 —a move that could disrupt thousands of policyholders without intervention.
COVU will proactively transition Aduna's customers to new carriers, with over 65–70% of the book eligible for direct transfer via book roll, and the remainder being remarketed across COVU's carrier network. The strategy ensures that affected customers experience minimal service disruption, while gaining access to modernized policy management, expanded coverage options, and AI-supported servicing.
A Longstanding Partner Becomes Fully Integrated
Aduna was part of the first cohort of agencies to join the COVU platform in 2022. COVU has been managing Aduna's book end-to-end for nearly two years. The acquisition finalizes this relationship, and eliminates legacy debt while absorbing the agency's book into COVU's infrastructure.
'This is what it looks like to evolve together,' Safavi added. 'We didn't acquire Aduna to change how it operates—we've already been powering it. We acquired it to preserve continuity for the customers and give the agency owner an outcome that made sense.'
Seven Acquisitions. One Vision.
Aduna joins six other agencies recently acquired by COVU: CIII, Lords, Leland, Mitchell, Uno, and Ford. Each acquisition reinforces COVU's mission to be the best customer manager and advisor for everything risk and insurance-related —serving customers not just at the point of sale, but across their entire risk lifecycle.
In a world where wildfires, economic volatility, and coverage gaps are growing concerns, COVU's model is built to:
Help customers mitigate risk before it happens
Ensure adequate financial protection when it does
Support recovery and adaptation as risk evolves
And COVU does all of this through local, trusted agency partners, not in spite of them.
About COVU
COVU is a transformative platform designed to revolutionize the insurance servicing industry through AI-native solutions combined with human support. The company is dedicated to enhancing customer experiences and operational efficiency for insurance agencies while providing flexible servicing models to meet the demands of modern consumers.
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Yahoo
an hour ago
- Yahoo
ROK Financial Streamlines Equipment Financing from $10,000 to $5 Million for All Industries
Fast, flexible funding options help businesses nationwide acquire essential equipment while preserving cash flow and supporting long-term growth. New York, Aug. 13, 2025 (GLOBE NEWSWIRE) -- ROK Financial Streamlines Equipment Financing from $10,000 to $5 Million for All Industries ROK Financial has announced expanded access to its nationwide equipment financing programs, delivering fast and flexible funding solutions for businesses in every sector. Designed for transactions ranging from $10,000 to $5 million, the company's streamlined process leverages advanced technology and a diverse lending network to match clients with competitive offers in record time. Whether a business is upgrading heavy machinery, investing in medical devices, or securing new technology infrastructure, ROK Financial provides options tailored to each client's goals and credit profile. Businesses interested in exploring their options can through ROK Financial's simple online application, often in 15 seconds or less. Market Context and Why Equipment Financing Matters Now In today's competitive economy, the ability to acquire, upgrade, and deploy business-critical equipment quickly can mean the difference between leading the market and falling behind. Industries across the United States face rising costs for machinery, vehicles, and technology, while simultaneously navigating tighter margins and increased competition. For many companies, paying for these assets upfront can drain working capital, limit operational flexibility, and slow growth. Equipment financing has become a strategic solution for overcoming these challenges. By spreading the cost of essential assets over time, businesses can preserve cash flow, invest in other growth initiatives, and avoid the financial strain of a large one-time purchase. From construction companies needing heavy equipment to medical practices investing in advanced diagnostic tools, the ability to secure financing at scale allows businesses to adapt faster, serve more clients, and compete more effectively. ROK Financial's programs address these needs by offering flexible funding from $10,000 to $5 million, with terms that can be customized to the client's industry, revenue cycle, and future plans. This approach ensures that each financing arrangement is not just a transaction, but a growth tool designed to position the business for long-term success. Companies ready to explore these benefits can . How ROK Financial's Equipment Financing Process Works ROK Financial has built its equipment financing process to be fast, transparent, and adaptable to businesses at every stage of growth. By combining a nationwide network of lenders with advanced technology, the company is able to guide applicants from initial inquiry to funded deal in a matter of days. This streamlined approach is designed to help companies act on opportunities quickly, without sacrificing due diligence or financial clarity. The process begins with a short, user-friendly online application that can often be completed in 15 seconds. Applicants provide basic details such as business name, contact information, credit score range, time in business, and estimated equipment cost. This information is used to match the applicant with the most competitive financing options in real time, based on industry, location, and specific funding requirements. Once the application is submitted, a dedicated ROK Financial loan advisor reviews the details and reaches out to discuss available programs. This one-on-one consultation allows business owners to ask questions, clarify repayment terms, and identify the structure that best aligns with their operational cash flow. For some clients, that may mean a short-term financing option to pay off equipment quickly. For others, it could involve a longer-term arrangement that minimizes monthly obligations while preserving working capital for other needs. In many cases, applicants can receive a conditional approval within hours and proceed to underwriting the same day. Thanks to ROK Financial's fintech-enabled system, document verification and lender communication happen in parallel, reducing the traditional waiting period. Once final approval is granted, funds can be disbursed and equipment purchased within just a few business days. This focus on speed and customization makes ROK Financial a strategic partner for businesses that need to move fast in competitive markets. Whether replacing outdated production equipment or scaling up operations with new technology, the ability to secure funding quickly can provide a significant competitive advantage. Business owners can and explore their options today. Who Can Qualify for ROK Financial's Equipment Financing Programs One of the most significant advantages of ROK Financial's approach is its accessibility. While traditional lenders often require extensive operating history, high credit scores, and substantial collateral, ROK Financial offers solutions designed to meet the needs of a much broader range of business owners. This includes established corporations, rapidly growing companies, and even startups that may not yet have a lengthy financial track record. Credit flexibility is a core part of the program's appeal. Many of ROK Financial's financing options are available to businesses with a minimum FICO score of just 580. This opens the door for entrepreneurs who have strong business plans and revenue potential but may have experienced past credit challenges. The company's lending network evaluates multiple factors beyond just credit score — including time in business, industry, annual revenue, and the specific type of equipment being financed — to create a comprehensive approval profile. Time in business is another area where ROK Financial stands apart. While many traditional banks set a hard minimum of two years in operation, ROK Financial offers programs with no minimum time in business requirement. For newer companies, initial financing amounts may be capped at $50,000, but these arrangements provide a valuable starting point for building financing history and upgrading equipment over time. ROK Financial also works across virtually every industry sector. 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The company's model is built on removing traditional barriers and ensuring each client receives a solution tailored to their needs. One of the most important benefits is speed to funding. In many industries, the ability to acquire new equipment quickly can make or break a project deadline or customer contract. ROK Financial's process, powered by AI-driven matching and a broad lender network, enables many clients to move from application to funding in just days. This rapid turnaround can be critical for businesses responding to seasonal demand, sudden market opportunities, or emergency equipment replacements. Another key advantage is flexibility in loan structure. Because no two businesses are the same, ROK Financial works to align repayment terms with a client's revenue cycle. 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ROK Financial works with contractors to secure financing that aligns with project timelines, allowing for rapid acquisition and deployment of equipment without straining budgets. Medical practices and healthcare facilities often face high upfront costs for essential equipment like MRI machines, surgical instruments, and diagnostic tools. With specialized financing programs, ROK Financial enables these businesses to obtain cutting-edge technology while preserving working capital for staffing, patient care, and facility improvements. For transportation and logistics companies, keeping fleets updated is critical for meeting delivery deadlines and maintaining safety standards. Whether adding new semi-trucks or upgrading trailers, ROK Financial's programs offer repayment schedules designed to match seasonal fluctuations in demand, ensuring predictable cash flow management. 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The Role of Technology in ROK Financial's Financing Process Technology is at the core of ROK Financial's ability to deliver fast, competitive, and flexible equipment financing. By integrating advanced AI-driven matching systems with a diverse national lender network, the company can rapidly align applicants with the most suitable funding offers available. This approach eliminates the delays and inefficiencies often seen in traditional financing models. When a business submits an application, ROK Financial's platform instantly analyzes factors such as industry, equipment type, credit profile, and geographic location. Using this data, it generates a shortlist of lending partners whose programs are the best match for that specific borrower. This precision matching not only accelerates the approval process but also increases the likelihood of securing favorable terms. ROK Intelligence, the company's proprietary technology, plays an important role in maintaining transparency. 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Whether acquiring a single piece of critical machinery or outfitting an entire operation with new assets, ROK Financial ensures that the process is smooth and predictable from start to finish. Business owners who are ready to take the first step can start their application today and see how quickly they can secure the equipment needed to strengthen and grow their operations. The Economic Impact of Fast, Flexible Equipment Financing For many businesses, access to fast and flexible equipment financing is more than just a convenient funding option—it is a critical driver of economic growth. When companies can quickly secure the tools and machinery they need, they are able to take on larger projects, serve more customers, and generate more revenue. This not only strengthens the business itself but also has a ripple effect throughout the local and national economy. In manufacturing, for example, updated equipment can increase production efficiency, reduce waste, and improve product quality. These gains lead to higher output, which can support larger contracts, new client acquisitions, and more competitive pricing in the market. The resulting growth often translates into new jobs, both directly within the company and indirectly through suppliers and service providers. In the construction industry, the ability to acquire heavy machinery without delay can determine whether a contractor wins or loses a bid. Having the right equipment in place allows projects to be completed faster, with fewer delays and lower operational costs. This efficiency benefits not only the contractor but also the broader community by accelerating infrastructure development. Small businesses also see measurable impact. 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The ability to secure funding quickly, without sacrificing transparency or flexibility, allows companies to act decisively when opportunities arise. ROK Financial has positioned itself as a trusted partner for businesses seeking these advantages. By combining a nationwide network of lenders, advanced AI-driven matching, and a commitment to personalized service, the company delivers solutions that meet the unique needs of its clients. From startup ventures to established enterprises, ROK Financial's approach ensures that equipment financing is not just a means to acquire assets, but a strategic pathway to growth. The results speak for themselves: faster funding timelines, tailored repayment structures, and access to a broad range of financing amounts—from $10,000 to $5 million. This flexibility enables business owners to upgrade, expand, and compete more effectively, without jeopardizing their operational stability. For decision-makers ready to invest in the future of their business, there's no reason to delay. The application process is fast, secure, and designed to deliver results in days, not weeks. Business owners can and take the first step toward securing the equipment they need to succeed in 2025 and beyond. Contact Information ROK Financial Phone: (833) 3-ROKBIZ Email: info@ Website: Office Hours: Monday – Saturday, 8:00 A.M. – 6:00 P.M. (EST) Disclaimer: The information in this release is provided for general informational purposes only and does not constitute financial advice. Financing terms, conditions, and availability may vary based on factors such as creditworthiness, equipment type, and lender requirements. Prospective borrowers should consult directly with ROK Financial or their financial advisor to understand the specific terms and obligations associated with any financing arrangement. CONTACT: Phone: (833) 3-ROKBIZ Email: info@ in to access your portfolio
Yahoo
6 hours ago
- Yahoo
ROK Financial Expands Merchant Cash Advance and Working Capital Programs to Deliver Same-Day Business Funding Nationwide
New Same-Day Funding Options from ROK Financial Provide $10,000 to $5 Million in Flexible Merchant Cash Advance, Small Business Working Capital, and Non-Bank Financing Solutions Across Diverse Industries, with No Minimum Credit Score and Flexible Repayment Options New York, Aug. 13, 2025 (GLOBE NEWSWIRE) -- ROK Financial Expands Merchant Cash Advance, Working Capital, and Fast Small Business Loan Programs to Deliver Same-Day Business Funding Nationwide ROK Financial, a leading provider of small business financing solutions, has expanded its Merchant Cash Advance, Working Capital, and alternative business loan programs to give business owners faster, more flexible access to capital. Designed for the more than 33 million small businesses operating across the United States — which collectively employ nearly half of the U.S. workforce — these solutions meet the needs of industries as diverse as retail, construction, e-commerce, logistics, healthcare, hospitality, trades, and professional services. For many small businesses, access to traditional bank loans has become increasingly difficult due to strict collateral requirements, high credit score minimums, and long approval times. ROK Financial's programs address these barriers by providing same-day funding from $10,000 to $5 million, with repayment structures that adjust to match cash flow. Programs are available to companies with as little as four months in operation and require no minimum credit score, opening doors for entrepreneurs who may not qualify for traditional lending. Business owners can learn more or begin the application process by visiting The Need for Speed in Small Business Financing The ability to access capital quickly can determine whether a small business seizes a growth opportunity or struggles to cover operational expenses. According to the Federal Reserve, nearly half of small businesses report they would need to find funding within a month or less to manage an unexpected expense. For many owners, traditional bank lending is too slow, requiring weeks of underwriting, extensive documentation, and high credit thresholds. Merchant Cash Advance and Working Capital programs address these challenges by providing fast, flexible business financing that moves at the pace of modern commerce. Same-day approval and funding in as little as a few hours mean that a retail store can order last-minute holiday inventory, a construction company can purchase materials to start a new project immediately, or a restaurant can repair critical kitchen equipment without losing valuable service days. This speed is not only critical for growth but also for business continuity. In the event of equipment breakdowns, supply chain disruptions, or emergency facility repairs, immediate access to funding can mean the difference between staying operational and losing valuable revenue days. Seasonal businesses — such as landscaping companies, tax preparation services, and tourism operators — can also benefit by securing capital ahead of their busiest months to maximize earnings potential. Learn more about how these programs work by visiting How Merchant Cash Advance and Working Capital Solutions Work A Merchant Cash Advance is not a traditional loan with fixed monthly payments. Instead, it provides a lump sum of working capital in exchange for a percentage of a business's future credit card sales or daily bank deposits. Payments automatically adjust with revenue — higher in busy months, lower when business is slower — making it a flexible solution for managing seasonal cash flow. Unlike bank loans, Merchant Cash Advances do not require collateral, lengthy approval processes, or high credit scores. Working Capital loans function in a similar way, providing fast access to funds that can be used for virtually any business purpose. This could mean financing a marketing campaign to attract new customers, purchasing equipment to expand production, upgrading technology systems to improve efficiency, or covering payroll during a temporary cash flow gap. Compared to other financing methods, MCA and Working Capital programs often have shorter application timelines, fewer documentation requirements, and repayment schedules tied to sales performance. For business owners seeking agility, these solutions act as a bridge between cash flow needs and growth objectives without the rigid repayment structures common in conventional lending. Get started today with Flexible Funding from $10,000 to $5 Million ROK Financial's Merchant Cash Advance and Working Capital programs offer funding amounts ranging from $10,000 to $5 million, making them accessible to both small, growing businesses and established companies with larger capital needs. Smaller funding packages can bridge short-term cash flow gaps, cover urgent repairs, or fund seasonal staffing increases. Larger packages can support major investments such as opening new locations, launching large-scale marketing campaigns, purchasing advanced machinery, or securing bulk inventory at discounted rates. Examples of funding use include: A restaurant replacing a commercial oven to avoid service disruption. A construction company purchasing heavy machinery for a large project. A retail store stocking up on seasonal inventory ahead of a major holiday. An e-commerce brand investing in a national digital advertising campaign. A manufacturer upgrading its production line for increased capacity. The flexibility of these programs is especially valuable to industries with fluctuating revenue patterns. For example, a tourism business may require significant working capital ahead of its high season to invest in marketing and staffing, while an agricultural supplier may need immediate funds to secure seeds, fertilizer, and equipment before planting season begins. Three-Step Application Process ROK Financial has simplified the process of securing business funding into three clear steps: Step 1: Complete a secure online application in just a few seconds. Applicants provide essential details about their business, including revenue, time in operation, and industry type. This quick submission is designed to match business owners with the most relevant financing options without requiring extensive initial documentation. Step 2: Connect with a dedicated financing advisor who reviews available programs and presents personalized funding solutions. This consultation ensures business owners understand their options, repayment structures, and terms before making a decision. Step 3: Select the preferred offer and receive funds in as little as 24 hours. There is no obligation to accept an offer, allowing owners to compare options and choose the best fit for their needs. This streamlined approach eliminates unnecessary delays and allows entrepreneurs to focus on running their businesses while securing the capital they need. Qualification Made Simple ROK Financial's Merchant Cash Advance and Working Capital programs are designed with accessibility in mind. Businesses with as little as four months in operation can apply, provided they generate at least $10,000 in monthly gross sales. There is no minimum FICO score required, making these programs available to owners with strong sales performance but limited or imperfect credit history. This flexibility opens the door for restaurants with steady daily sales but no collateral, retail shops in their first year of operation, service-based businesses with seasonal income, and contractors who rely on fluctuating project schedules. By focusing on current business performance rather than rigid credit requirements, ROK Financial ensures that more entrepreneurs have a pathway to the funding they need. Proof Points: Market Trends in Alternative Business Financing Alternative financing options such as Merchant Cash Advances and Working Capital loans have become increasingly popular as small businesses seek faster, more flexible ways to secure capital. Industry research shows that the U.S. alternative lending market is projected to grow steadily through the decade, driven by demand for quick approvals, adaptable repayment terms, and less restrictive qualification criteria. For many entrepreneurs, the appeal lies in bypassing the traditional bank loan process, which often involves weeks of review, strict collateral requirements, and high credit score thresholds. Instead, programs like those offered by ROK Financial prioritize revenue performance, making them accessible to a wider range of businesses. As competition across industries intensifies, having rapid access to funding can be a decisive factor in capturing market opportunities. Social Impact Commitment ROK Financial is committed not only to supporting business growth but also to making a positive impact in the community. Through its ongoing partnership with Feeding America, the company has provided more than one million meals to families in need. For every successful funding transaction, ROK Financial donates 50 meals to help fight food insecurity in communities across the United States. This initiative reflects the company's belief that business success and social responsibility go hand in hand. By choosing ROK Financial for their Merchant Cash Advance or Working Capital needs, business owners are also contributing to a broader mission of helping families and strengthening local communities. Frequently Asked Questions What is the difference between a Merchant Cash Advance and a traditional loan?A Merchant Cash Advance is repaid as a percentage of future sales, which means repayment amounts vary based on revenue. Traditional loans have fixed monthly payments regardless of sales volume. Can I get business funding with bad credit?Yes. There is no minimum credit score required for ROK Financial's Merchant Cash Advance or Working Capital programs. Approval is based primarily on business performance, including revenue and time in operation. How quickly can I receive funding?In many cases, qualified businesses can receive funds the same day they apply, depending on application time and the submission of required information. What types of businesses qualify?These programs are available to a wide variety of industries, including restaurants, retail, construction, manufacturing, e-commerce, logistics, healthcare, hospitality, and more. Can funds be used for any purpose?Yes. Working capital can be used for expenses such as payroll, inventory, marketing, equipment upgrades, expansion initiatives, or emergency operational needs. How does repayment work for a Merchant Cash Advance?Repayment is made automatically by deducting a fixed percentage of your daily or weekly sales until the advance is fully repaid. This means payments are proportionate to revenue, offering flexibility during slower months. Is there a penalty for early repayment?Many MCA and Working Capital programs have no prepayment penalties, allowing business owners to pay off their balance early if they choose. Terms vary by agreement, so applicants should confirm details with their financing advisor. Can start-ups apply?Yes, businesses with at least four months in operation can qualify, making these programs suitable for newer companies seeking to build momentum. Do I need to offer collateral?No. Merchant Cash Advances and Working Capital programs offered by ROK Financial do not require physical collateral, making them an option for businesses without significant assets. About ROK Financial ROK Financial is a business financing provider based in Great River, New York. The company specializes in delivering fast, flexible funding solutions tailored to the needs of small and medium-sized businesses across multiple industries. Using a technology-first approach, ROK Financial streamlines the funding process while maintaining a strong focus on customer service. The company's suite of financing products includes Merchant Cash Advance, Working Capital Loans, business lines of credit, equipment financing, SBA loans, and more. Contact Information ROK Financial Phone: (833) 3-ROKBIZ Email: info@ Website: Office Hours: Monday – Saturday, 8:00 A.M. – 6:00 P.M. (EST) Disclaimer: The information provided in this release is for informational purposes only and does not constitute financial advice. Funding availability, terms, and conditions are subject to change based on applicant eligibility and underwriting review. CONTACT: Phone: (833) 3-ROKBIZ Email: info@ Office Hours: Monday – Saturday, 8:00 A.M. – 6:00 P.M. (EST)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNET
8 hours ago
- CNET
Starlink Cuts the Cost of Its Satellite Dish in Half for New Customers
One of the biggest barriers to entry for prospective Starlink customers has always been the price: $349 upfront for equipment and $120 every month for service. That's now starting to change as Starlink is offering its lowest monthly prices ever and slashing the cost of equipment in half. You can now get the Starlink standard kit for $175, down from its usual $349 price tag. Unlike previous deals, this one is available to new customers anywhere in the country. Most Starlink deals in the past have been limited to areas with fewer users. Like the plan discounts, Starlink hasn't said how long the equipment deal will last. In the past, promotions have generally been around for several months. Is Starlink your best option? Starlink has been a game changer for many people living in rural areas but I generally only recommend it as a last resort. That's partly because of its high price tag -- its standard rate of $120 per month is still far higher than the $78 average price in the US -- and partly because of its performance. According to a recent report from the speed test site Ookla, Starlink users receive median speeds of 105Mbps down and 15Mbps up. That's plenty of bandwidth for many households but it still falls short of what the Federal Communications Commission defines as broadband. (Disclosure: Ookla is owned by the same parent company as CNET, Ziff Davis.) Starlink's median download speeds have nearly doubled since 2022, according to Ookla. Ookla The speeds you get from Starlink are also dependent on how many users there are in your area. One recent study from Penn State University found that Starlink's satellites can handle just 6.66 households per square mile before service starts to dip below the FCC's minimum standard. That doesn't mean you won't have enough speed to do everything you need online -- a Zoom meeting only requires about 4Mbps, for instance -- but it does give you an idea of how network congestion impacts Starlink. If there's a cable or fiber internet connection available at your address, I'm always going to recommend one of those over Starlink. They might come with their own frustrations, but they're almost always faster and cheaper than satellite providers. Read more: Choose the Best Internet Provider for Your Home With Help From an Expert To see what's available to you, enter your address on the FCC's broadband map. You'll see a list of providers, the type of technology they use and the speeds they say they can deliver.
