Coverflex – Physics-driven AI for insurance claims
Benefits as flexible as your team.
Coverflex offers a Compensation OS that helps companies design personalised benefits packages: insurance, meal allowances, childcare, and more through one platform.
In 2023, Coverflex raised a €15M Series A led by SCOR Ventures, with participation from BREEGA, MS&AD Ventures company, Armilar, Stableton, BiG Start Ventures, Shilling VC, and several angels, bringing total funding to around €20M.
The platform aggregates multiple insurance and benefits providers and issues the Coverflex Card for employees.
Today, it serves 70,000 active users across more than 3600 companies, including Santander, Bolt, Revolut, Natixis Investment Managers, FinBox Solutions, and others.
Led by Miguel Santo Amaro, together with co-founders Nuno Pinto, Luis Rocha, Rui Carvalho, and Tiago Fernandes, the company is now expanding into Italy.
With remote work spreading and employee expectations rising, flexible benefits are becoming a true competitive advantage.
Fun fact: FinBox Solutions and Coverflex were neighbours at The Fintech House, the best community in FinTech.
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