Insurtech startup Faye has raised $31 million in Series B funding led by Portage, with contributions from Lumir Ventures and other prominent investors. The company offers a comprehensive travel insurance and an assistance app that includes instant claim payouts via a digital wallet, real-time trip monitoring, and various other travel-related services. Faye’s innovative approach aims to disrupt traditional insurance models and address, specifically, the low uptake of travel insurance by Americans.
Packing Travel Insurance Products into an App Helped Faye to a $31M Series B
