CoverWallet  raises $2M Seed Fund

What does CoverWallet do?

CoverWallet, is the first online insurance manager. It manages the insurance for your business, everything online. It is the modern way of buying, managing and understanding insurance for your business. It manages your business insurance in a smart war. It is like a smart digital wallet of all your insurance rate, policies, with certificates, peer comparison, advice, claim help and a lot more. Customers can all in one place for free.

Running a business is challenge without having to worry about employee injuries, lawsuits and property damage. With the right insurance business owners can have the peace of mind and focus entirely on running their business which is more important, the rest will be taken care of this company. The coverage a customer needs depends on the type of business the customer runs, for example, restaurant owner needs to be covered against customers getting food poisoning. This company’s intelligent assessment system will identify the insurance the customer requires on their specific business and gets them a policy which fits their budget and it does it all in less time.

How much CoverWallet was funded?

CoverWallet raised $2M on March 9, 2016 from Founder Collective, Two Sigma Ventures and Highland Capital Partners.

What is next for CoverWallet?

The startup was in stealth mode until the last week, it is providing small businesses with a concierge similar services which helps businesses in dealing with the confusing, complex intricacies of business insurance.

More about CoverWallet

The company was founded on September 1, 2015 by Inaki Berenguer and Rashmi Melgiri. It has its headquarters in New York, New York. This is an easy to use, online insurance manager which is optimized for business. This insurance management company consolidates business insurance policies into a single location. The company saves time and provides peace to business owners by making insurance management simple and intuitive.