WorldCover
lending . other lending . insurtech . p2p insurance
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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
BOARD MEMBERS AND ADVISORS
Christopher Sheehan
Shiliang Tang
NUMBER OF EMPLOYEES
1-10
INVESTORS:
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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FOUNDING YEAR:
LOCATION:
Views:
$120 K
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.
WorldCover
About
Momentum
FUNDED
NO
LISTED
NO
Other