Last updated 2026-06-18
Total raised
—
Stage
Pre-Funding
Founded
2020
Headcount
2
HQ
Rishon LeTsiyon, Israel
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.
Q&A
- What is Covary's current operational status?
- Covary is currently inactive and ceased to operate in March 2023.
- When was Covary founded?
- Covary was founded in October 2020.
- What is Covary's primary business sector?
- Covary's primary sector is Fintech & Insurtech.
- Who are the co-founders of Covary?
- The co-founders of Covary are Elad Bibi-Aviv, who serves as Co-founder & CEO, and Ohad Shitrit, who is the Co-founder & CTO.
- What is Covary's core offering?
- Covary is a cost-sharing platform that utilizes advanced actuary models and technology to provide pay-as-you-go non-insurance products, such as critical illness and life coverage, for the uninsured population.
- What geographies does Covary target?
- Covary targets the United States market.
- What is Covary's current funding stage?
- Covary is currently in the Pre-Funding stage.
Team · 2
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
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| linkedin.com/company/72300408 |
Identifiers & details
| Founded | 2020-10 |
|---|---|
| Employees (exact) | 2 |
| Status reason | Non Active, Mar 2023 ceased to operate |