# Faye

> Faye combines travel insurance for U.S. residents with a mobile app, round-the-clock assistance, itinerary alerts, digital claims and approved payouts through Faye Wallet. It sells directly and through travel partners, with insurance risk underwritten by third-party carriers.

- **Founded:** 2019
- **Headquarters:** Richmond, United States
- **Founders:** Elad Schaffer (Co-founder and CEO), Daniel Green (Co-founder and CTO), Motti Bebchuk (Co-founder)
- **Products:** Faye travel protection, Faye app and Faye Wallet, Faye First, Faye Forward and Faye Flagship, Optional coverage add-ons, Advisor Portal and API
- **Notable:** Faye app recognized in TIME’s Best Inventions of 2025., Ranked first in Calcalist’s most promising Israeli startups list for 2024., Opened a 6,100-square-foot U.S. headquarters in Richmond’s West End in May 2026.

## Products & services

- **Faye travel protection** — Customizable single-trip protection for U.S. residents traveling domestically and internationally; launched in the U.S. in 2022.
- **Faye app and Faye Wallet** — Policy management, flight monitoring, document storage, human assistance, digital claims, approved reimbursements and wallet transfers; also offers eSIM purchasing and destination information.
- **Faye First, Faye Forward and Faye Flagship** — Three tiers introduced in March 2026, positioned for domestic, international, and complex or luxury trips respectively.
- **Optional coverage add-ons** — Options include Cancel For Any Reason, Cancel For Work Reasons, adventure/extreme sports, pet care, rental car care and vacation rental damage protection, subject to eligibility and state availability.
- **Advisor Portal and API** — Distribution tools for quoting, selling, tracking revenue and following claim status across travel partners.

## Achievements

- Faye app recognized in TIME’s Best Inventions of 2025.
- Ranked first in Calcalist’s most promising Israeli startups list for 2024.
- Opened a 6,100-square-foot U.S. headquarters in Richmond’s West End in May 2026.
- Announced $50 million Series C in August 2026; company reported approximately $100 million total funding.

## Latest updates

- **2026-03** — Introduced First, Forward and Flagship plan tiers and a Cancel For Work Reasons add-on.
- **2026-05** — Opened a new U.S. headquarters in Richmond’s West End.
- **2026-06** — Unveiled a new brand identity covering website, app and Advisor Portal.
- **2026-08** — Raised $50 million Series C led by Madrona, targeting geographic expansion, partnerships and AI development.
- **2026-09** — CTO Daniel Green wrote that AI and other technology automatically handle 30%-40% of claims, with a target above 50% by year-end; company-reported, not independently audited.

## Links

- Website: https://www.withfaye.com/
- LinkedIn: https://www.linkedin.com/company/fayetravelinsurance
- Twitter/X: https://twitter.com/FayeTravel
- Instagram: https://www.instagram.com/faye.travel/
- Facebook: https://www.facebook.com/FayeTravelInsurance
- TikTok: https://www.tiktok.com/@fayetravelinsurance

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Profile page: https://yespress.io/faye
Published by YesPress — https://yespress.io
Last updated: 2026-10-25