WorldCover

lendingother lendinginsurtechp2p insurance

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 18/10/2019

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About

WorldCover offers peer-to-peer investments. It connects a growing pool of investors who seek uncorrelated investment returns and impact from their capital with a huge and growing need for natural disaster insurance in the developing world.

Focus

PRODUCTS & SERVICES

P2P lending platform for crop insurance - connect social investors with farmers. The platform helps farmers from natural disasters and also improves food and income security to their livelhood.

MAIN CLIENTS

Farmers and Retail investors

PRIMARY PROBLEM SOLVED

The platform protects farmers from natural disasters and gives investors diversified returns and direct social impact.

COMMENT

Worldcover leverages online data and technology to quickly asses the risk of the desired insurance policy. It also use satellites to monitor the rainfall and trigger payouts automatically.

People

FOUNDERS

Christopher Sheehan

Shiliang Tang

BOARD MEMBERS AND ADVISORS

Christopher Sheehan

Shiliang Tang

NUMBER OF EMPLOYEES

1-10

INVESTORS:

500 Startups

Momentum

FUNDED

YES

TOTAL FUNDING

$120 K

DATE OF LAST FUNDING

Mar 2017

SEED & PRIOR FUNDING

$120 K

SEED CLOSED ON

Mar 2016

LISTED

NO

COMMENT

Convertible note: $100 k raised in Apr 2016.

BASICS

FOUNDING YEAR:

2015

LOCATION:

United States

Views:

140 VISITORS | 420 VIEWS
LATEST FUNDING ROUND

$120 K

TOTAL EMPLOYEES
1-10

About

WorldCover offers peer-to-peer investments. It connects a growing pool of investors who seek uncorrelated investment returns and impact from their capital with a huge and growing need for natural disaster insurance in the developing world.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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Momentum+
People+
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