The digital insurance broker for SMEs in LATAM
Company is closed
Event Year: 2019
Company is closed
Event Year: 2019
Covela aimed to streamline the insurance procurement process for small and medium-sized enterprises (SMEs) and freelancers operating within Latin America. The company sought to provide a platform where users could efficiently identify and secure appropriate insurance coverage at competitive prices, with a target completion time of under 15 minutes. By digitizing the traditionally complex insurance brokerage model, Covela intended to offer a user-friendly and accessible solution for businesses seeking to protect their assets and manage risk in the LATAM market.
Covela aimed to streamline the insurance procurement process for small and medium-sized enterprises (SMEs) and freelancers operating within Latin America. The company sought to provide a platform where users could efficiently identify and secure appropriate insurance coverage at competitive prices, with a target completion time of under 15 minutes. By digitizing the traditionally complex insurance brokerage model, Covela intended to offer a user-friendly and accessible solution for businesses seeking to protect their assets and manage risk in the LATAM market.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2019
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2019
Fintech
Fintech
Fintech -> Insurance
Fintech -> Insurance
Team size: 6
Hiring: No
Team size: 6
Hiring: No
