Fintech Glow Raises $65 Million Backed by Apollo, ‘Cable Cowboy’ Malone

Fintech company Glow Services Corp. has secured $65 million in equity funding from prominent investors, including cable mogul John Malone and Apollo Global Management. The company, which specializes in phone financing, aims to use the capital to expand into new markets and develop additional products. The funding round was led by Apollo, a major private equity firm, and included investments from Malone, who is known as the "Cable Cowboy" for his influential role in the cable TV industry. The influx of funds will allow Glow to capitalize on the growing demand for flexible financing options, particularly in the smartphone market. By diversifying its offerings and reaching new customer segments, Glow hopes to solidify its position as a leading fintech player in the evolving consumer finance landscape. The successful fundraising reflects the company's ability to attract high-profile backers and its potential to disrupt traditional lending models.