WorldCover
WorldCover, a fintech company based in New York, offers peer-to-peer investment products that provide insurance to smallholder farmers in developing countries, enhancing their food and income security.
Company Overview
WorldCover is a Fintech company based in New York, NY, USA, with a team size of 20. Part of the Y Combinator W16 batch, the company launched on November 11, 2015. WorldCover focuses on providing peer-to-peer investments that offer insurance to the global poor, particularly in developing countries.
Fintech and Insurance
Operating under the Fintech industry with a specific focus on Insurance, WorldCover connects investors with the need for natural disaster insurance in the developing world. Their platform is designed to improve food and income security for smallholder farmers, who comprise over 70% of the 2.5 billion people living at the base of the pyramid and rely on agriculture for their income and sustenance.
Innovative Insurance Solutions
WorldCover offers innovative insurance products that provide smallholder farmers with security even in the case of a bad harvest. By ensuring that farmers have insurance coverage against natural disasters, the company helps improve the resilience and sustainability of agricultural operations in developing countries.
Peer-to-Peer Investment Opportunities
WorldCover provides peer-to-peer investment opportunities that allow both retail and professional investors to engage in investments offering attractive yet uncorrelated returns with the global financial markets. These investment products support the provision of natural disaster insurance, making a positive impact on the livelihood of farmers in developing regions.
Global Reach and Impact
WorldCover operates primarily in regions such as the United States of America and across America/Canada. Their efforts to connect investors with insurance needs in developing countries span multiple continents, directly benefiting smallholder farmers by enhancing their food and income security through reliable insurance solutions.