Financial Backing definition
Financial Backing means either the financial support offered by a User to a Contributor (which can consist of Support or Reward) which can only be accessed by Contributors registering for a Subscription Mode or Percentage Mode Account;
Financial Backing. In April 2019, Examity received a $90 million investment from Great Hill Partners. Recognizing growth in the space, the firm’s intention was to invest significant capital into a leading online proctoring company. After a substantial due diligence period, evaluating nearly every competitor in the space, Examity was chosen to receive this investment. This is a testament not only to the solution and reputation we have developed since 2013, but also our future growth trajectory and long-term sustainability as a leader in the space. The investment will fuel our continued investment into the people, process, and technology necessary to provide best-in-class online proctoring to PASSHE members.