Faye, the trailblazing travel platform, has successfully secured $31m in Series B funding, escalating its total capital to $49m.
This latest financial injection was led by Portage Ventures, alongside contributions from Lumir Ventures. The funding round also saw continued support from existing backers such as F2 Venture Capital, Viola Ventures, and Munich Re Ventures.
Faye operates at the intersection of travel and FinTech, offering a suite of services that transform how travelers experience insurance and assistance. Their comprehensive coverage includes everything from proactive trip monitoring to swift claims processing, all powered by their cutting-edge technology.
Elad Schaffer, co-founder and CEO of Faye, said. “In just two years…