WorldCover

https://www.ycombinator.com/companies/worldcover

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.

About

Number of Founders: 1
HQ: New York, New York, United States
Domain: worldcovr.com
Email: info@worldcovr.com
Industries: Social Entrepreneurship, FinTech, Insurance, Impact Investing, Financial Services
Tags: fintech, insurance

Total Funding: 6050000
Number of Funding Rounds: 7.0
Last Funding Round Type: Series A
Last Funding Date: 2019-05-03
Team Size: 20
Founder Names: Christopher Sheehan