Faye

Whole-trip Travel Insurance

Fintech & Insurtech
Private
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Company Overview

Snapshot

Founded in September 2019 by Elad Schaffer, Daniel Green, and Motti Bebchuk, Faye operates with 51–200 employees. The company has raised a total of $49 million across 3 funding rounds from 10 investors.

Business overview

Faye is an Insurtech company focused on modernizing travel insurance for American consumers. The company provides an all-digital, consumer-centric travel insurance solution designed to offer smarter, faster, and smoother assistance and claims resolutions. Utilizing proprietary technology, Faye delivers immediate 24/7 support globally, quick reimbursements, and a mobile application that streamlines trip coverage and claim filing processes. The company operates within the Fintech & Insurtech sector, targeting travelers and tourists in North America.

Strategic signal

In May 2026, Faye expanded its U.S. headquarters in Richmond, opening a new office to support its rapid growth. This move signals a significant scaling of operations and a commitment to strengthening its presence in the American market, indicating positive momentum for investors and innovation teams in the travel insurance space.

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Company Intelligence Q&A

When did Faye raise its Series B funding round?
The round was led by Portage Ventures, with participation from Munich Re Ventures.
What was a significant recent operational development for Faye?
In May 2026, Faye announced the opening of its new U.S. headquarters in Richmond, expanding its operational capacity to fuel rapid growth.
When did Faye secure its Series A funding?
This round saw investment from Munich Re Ventures and F2 Venture Capital.
Which investors participated in Faye's Seed round?
Key investors included F2 Venture Capital and Viola Ventures.
What recognition did Faye receive in August 2022?
In August 2022, Faye was named a 'Must-Download Travel App In 2022' by Fodor's Travel, highlighting its growing presence and positive reception in the travel industry.
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