Total raised
—
Stage
Pre-Funding
Founded
2020
Headcount
2
HQ
Rishon LeTsiyon
Sector
Fintech & Insurtech
About
Covary is a cost-sharing platform that uses advanced actuary models and technology to create pay-as-you-go non-insurance products. The companys cost-effective critical illness and life coverage is designed to match the needs of the uninsured population, offering no fixed premiums, 50-60% off, and transparency, trust, and security.
Company Intelligence Q&A
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- What is Covary's primary business offering?
- Covary is a cost-sharing platform that provides pay-as-you-go non-insurance products, such as critical illness and life coverage, designed for the uninsured population.
- When was Covary founded?
- Covary was founded in October 2020.
- What is the current operational status of Covary?
- Covary is currently inactive, having ceased operations in March 2023.
- Where is Covary's headquarters located?
- Covary's headquarters is located in Rishon LeTsiyon, Center District, Israel.
- Which geographic market did Covary target?
- Covary targeted the United States market.
- How many employees did Covary have?
- Covary had 2 employees.
- Who are the co-founders of Covary?
- The co-founders of Covary are Elad Bibi-Aviv and Ohad Shitrit.
- What is Covary's primary industry sector?
- Covary's primary industry sector is Fintech & Insurtech.
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechInsurtech
Technologies
Platforms & InterfacesMobileWeb
Target customers
ConsumersProfessionals & Gig EconomyFreelancersDemographics & FamilyHealthcare & Life SciencesHealthcarePatientsEnterprise & Professional Services
Business model
B2BB2B2C
Tags
microfinanceenterprisesinsurtechpatientsfamilyfreelancerschronic-patientsmobile-applicationssharing-economyweb-platform