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.
Log in to access full profile ›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.