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Spain
01 Jan 2016 (10 Years)
Last online: No recent activity
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This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Coverfy
Company Information
Get to know Coverfy
Founded in 2016, Coverfy is a Spanish Insurtech company that operates as a 100% digital insurance broker. Its mission is to simplify the management of insurance for individuals and businesses by centralizing all policies from any insurer into a single mobile app. The platform provides users with a personal advisor, optimizes their existing policies to find better coverage or pricing, and facilitates the acquisition of new insurance products. In 2021, Coverfy was acquired by the financial services group BD Capital to enhance its technological capabilities and market reach.
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