Faye
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Faye - overview
Established
2019
Location
Newark, DE, US
Primary Industry
Insurance
About
Based in California and founded in 2019 by its CEO Elad Schaffer and CTO Daniel Green, Faye operates as a travel insurance company that cover medical and evacuation expenses users have in-trip, including ones related to COVID-19. In July 2024, Faye raised USD 31 million in series B funding led by Portage Ventures, with participation from Lumir Ventures, F2 Venture Capital, Viola Ventures, and Munich Re Ventures. Faye US East product is an application that covers travelers’ trips, health, belongings, and even pets via trip monitoring and alerts, enables users to file claims digitally, and pays for approved claims via electronic transfers. The company's application is available on iOS and Android devices.
The company intends to use the seed funding to expand operations and its business reach, as well as to strengthen its technology with additional proactive trip support and claim automation capabilities.
Current Investors
Viola Group, Global Founders Capital, Portage Ventures
Primary Industry
Insurance
Sub Industries
Personal Insurance, Accounting/Finance Software
Website
www.withfaye.com/
Verticals
InsureTech, Mobile Apps
Company Stage
Series B
Total Amount Raised
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