Covr Financial Technologies
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 8.0m | 9.4m | 14.5m | 29.0m | 29.0m |
% growth | - | 17 % | 55 % | 100 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$5.0m | Seed | ||
* | $10.0m | Series A | |
N/A | $500k | Grant | |
$7.5m | Early VC | ||
N/A | Early VC | ||
* | $15.0m | Series B | |
Total Funding | €34.5m |
Recent News about Covr Financial Technologies
EditCovr Financial Technologies is a digitally enabled brokerage general agency (BGA) that revolutionizes the way life insurance is sold. The company partners with financial institutions to provide a comprehensive, turnkey solution for life, long-term care, and disability insurance. Covr's innovative digital platform simplifies the process of selling and buying insurance policies, making it efficient and user-friendly. Clients can compare rates from leading insurance carriers and purchase policies within minutes. Covr serves financial institutions, their advisors, and their customers, operating primarily in the insurance and financial services market. The business model focuses on providing white-label solutions that integrate seamlessly with financial institutions' existing systems, thereby enhancing their service offerings. Covr generates revenue through commissions from insurance carriers and fees for its digital platform services.
Keywords: digital insurance, brokerage general agency, life insurance, long-term care, disability insurance, financial institutions, white-label solutions, insurance carriers, streamlined process, digital platform.