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Faye hopes to do for travel insurance what Lemonade did for general insurance
May 11, 2022
Faye aims to disrupt the travel insurance market by offering a user-friendly platform, covering various aspects of travel, and providing features like alerts and digital claims filing.
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Quick takeaways
- Fae aims to simplify the travel insurance process by asking customers just six questions to find the right plan.
- Fae's approach involves asking customers just six questions to determine the best coverage, providing a more simple and user-friendly experience.
Deep dives
Fae raises $8 million in seed funding to simplify travel insurance
Travel insurance startup Fae has raised $8 million in a seed funding round led by Viola Ventures and F2 Venture Capital. Fae aims to simplify the travel insurance process by asking customers just six questions to find the right plan. Their platform covers trips, health, belongings, and pets, and offers features such as alerts, 24/7 customer support, and digital claims filing. Fae also provides coverage for COVID-19, emergency medical expenses, and trip interruption.
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