WorldCover

WorldCover

lending | other lending | insurtech | p2p insurance
website linkedin address
  • FOUNDING YEAR: 2015
    LOCATION:
    United States
    REGION:
    NY
    Last Update:
    18 Oct, 2019

Description

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

TRACTION

Insufficient information for accurate analysis

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.

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