WorldCover
lending . other lending . insurtech . p2p insurance
Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!
About
WorldCover offers peer-to-peer investments that provide insurance to the global poor. We connect 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. WorldCover's platform improves food and income security for smallholder farmers in developing countries. More than 70% of the 2.5 billion people living at the base of the pyramid throughout the world rely on agriculture for income and sustenance. Farmers face a number of major risks to their livelihoods which they cannot control. Insurance gives them a sense of security even if they have a bad harvest, allowing them to improve their diets, invest in their farms, and send their children to school.In an increasingly interconnected world, diversified markets are becoming harder and harder to find. WorldCover's investment products offer both retail and professional investors attractive yet uncorrelated returns with the world's financial markets.
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
BOARD MEMBERS AND ADVISORS
Christopher Sheehan
Shiliang Tang
NUMBER OF EMPLOYEES
1-10
INVESTORS:
Momentum
FUNDED
NO
NUMBER OF FUNDING ROUNDS
1
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.
Sign up for 7 days free trial with MEDICI Inner Circle to follow and track profiles you care about.
Join the exclusive global FinTech community
Be a part of the global FinTech community on WhatsApp