About Coverflex
Coverflex is a company based in Braga (Portugal) founded in 2019 by Luis Rocha, Rui Carvalho, Nuno Pinto, and Miguel Santo Amaro. It operates as a SaaS (Software-as-a-Service) and Subscription Services. Coverflex has raised $22.23 million across 3 funding rounds from investors including Stableton Financial, SCOR and Breega. Coverflex has completed 1 acquisition, including EatsReady. Coverflex offers products and services including Coverflex Wallet, Coverflex Meal, Coverflex Insurance, Coverflex Childcare, and Coverflex Flexpay. Coverflex operates in a competitive market with competitors including Gusto, Payflow, KonfÃo, Businessolver and Paylocity, among others.
- Headquarter Braga, Portugal
- Founders Luis Rocha, Rui Carvalho, Nuno Pinto, Miguel Santo Amaro
- SectorsFinancial ServicesTechnology Healthcare
- Email••••••••
- Phone•••• ••••
- Website coverflex.com/en-pt
- Social LinkedIn X Facebook Instagram
- Legal Name Universal Cover, Sa
- Total Equity Funding$22.23M (USD)
in 3 rounds
- Latest Funding Round$16.27M (USD), Series A
Feb 2023
- InvestorsStableton Financial
& 15 more
- Investments & Acquisitions
Products & Services of Coverflex
Coverflex offers a comprehensive portfolio of products and services, including Coverflex Wallet, Coverflex Meal, Coverflex Insurance, Coverflex Childcare, and Coverflex Flexpay.
Platform to manage multiple employee benefits efficiently.
Digital solution for managing meal vouchers sustainably.
Digital platform for managing employee insurance plans.
Digital childcare vouchers with low commission rates.
Tool for flexible salary transfers to employees.
Apps and channels of Coverflex
Coverflex publishes 2 mobile apps with over 100K+ downloads.
Funding Insights of Coverflex
Coverflex has successfully raised a total of $22.23M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $16.27 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $22.23M
- Total Rounds 3
- Last Round Series A — $16.27M
- First Round $5.96M
(Apr 2021)
- Investors Count 16
All 3 funding rounds of Coverflex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
16 investors in total: 9 institutional and 7 angel.
Investors in Coverflex
Coverflex has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Stableton Financial, SCOR and Breega.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on pre-seed to early-stage investments | – | breega.com | Paris, France | |
Armilar Venture Partners is focused on early-stage tech investments. | – | armilar.com | Lisboa, Portugal | |
Early-stage venture capital investments are provided by Shilling VC. | – | shilling.vc | Portugal | |
Start Ventures is focused on early-stage fintech investments. | – | startventures.vc | Lisbon, Portugal | |
Venture capital firm focused on seed to series B stage companies | – | msad.vc | Menlo Park, United States | |
Leon Casino is operated as an online gaming platform. | – | 200m.pt | - | |
- | – | redstone.vc | - | |
Reinsurance services including life and property casualty are offered globally. | 1970 | scor.com | Paris, France | |
Multi-strategy investments are managed by the hedge fund. | 2018 | stableton.com | Zurich, Switzerland | |
FZ Firmin Zocchetto | Co-founder of PayFit, active angel investor in Indian startups | – | unknown_914fcc88dcb844fc8 | - |
Investor details for Coverflex
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Coverflex
80 people are tracked at Coverflex (27 in leadership, 53 in team).
| Name | Role | Group |
|---|---|---|
Luis Rocha | Co-Founder & CMO | Leadership |
Rui Carvalho | Co-Founder & COO | Leadership |
Nuno Pinto | Co-Founder & CBO | Leadership |
Miguel Santo Amaro | Co-Founder & CEO | Leadership |
Pedro Cardoso | Head Of Product Design | Leadership |
Stefano Alicicco | Head Of Networks - SMB | Leadership |
Filipa Manita | Head Of Business Operations | Leadership |
Carlos Silva | Head of Technology | Leadership |
Tiago Brito | Head of Data | Leadership |
Federica Felicetti | Head Of Marketing - Italy | Leadership |
João Caxaria | Head Of AI Engineering | Leadership |
Inês Odila | Head of Customer Operations | Leadership |
Pedro Costa | Head of Growth Marketing | Leadership |
Miguel Pinto Fraga | Global Head Of Marketing | Leadership |
Tiago Fernandes | Co-Founder & CTO | Leadership |
Antonella Lavanca | Head Of Customer Success Spain | Leadership |
José Miguel Fernandes | Head Of Finance | Leadership |
Mylène Silva | Head of Customer Success | Leadership |
Olafur Solvi Palsson | VP Of Revenue Operations | Leadership |
Miguel Franco | Head Of Customer Success | Leadership |
60 more people are available in the full profile.
Complete people profiles for Coverflex
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Coverflex
Coverflex has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include EatsReady.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Restaurants are discovered and orders are placed online through EatsReady. | eatsready.com | Milan, Italy | 2017 | Mar 2023 | •••• |
Complete acquisition details for Coverflex
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Coverflex
4 dated milestones of Coverflex across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Coverflex is founded.
- Funding First funding round of $6.0M.
- Funding Latest funding round, Series A, of $16.3M.
- Acquisition Acquires EatsReady.
Competitors of Coverflex
Coverflex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gusto, Payflow, KonfÃo, Businessolver and Paylocity, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gusto.com | 2012 | San Francisco, United States | $718.35M | 5,876 | Cloud-based HR and payroll solutions are offered for small businesses. | |
| payflow.es | 2020 | Alcobendas, Spain | $58.23M | – | Payflow is recognized as a financial wellness application for employees. | |
| konfio.mx | 2014 | Miguel Hidalgo, Mexico | $378M | – | Financial solutions platform provider | |
| businessolver.com | 1998 | West Des Moines, United States | $65.16M | 1,401 | Cloud-based employee benefits administration solutions are delivered. | |
| paylocity.com | 1997 | Arlington Heights, United States | $37.28M | 4,150 | Cloud-based payroll and HR solutions are provided for businesses. | |
| justworks.com | 2012 | New York, United States | $147.52M | 55,459 | Benefits administration and payroll management are provided for businesses. | |
| league.com | 2014 | Toronto, Canada | $241.95M | 103 | SaaS platform for managing employee health benefits is offered. | |
| earnin.com | 2012 | Palo Alto, United States | $190.1M | 242 | Real-time access to earned wages is provided fee-free. | |
| healthequity.com | 2002 | Draper, United States | $15.28M | 3,126 | Health benefits and savings are managed through an app-based platform. | |
| pave.com | 2012 | San Francisco, United States | $175M | 132 | Cloud-based payroll management is enabled for compensation planning and benchmarking. |
Detailed competitors of Coverflex
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Coverflex
The website of Coverflex (coverflex.com) receives about 363.5K visits a month.
- Monthly visits363.5K
▲ 17.6% vs previous month
Websites whose visitors overlap most with Coverflex. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| jethr.com | 100% | 213.3K | #179,522 | View details | |
| figma.com | 82% | 84.7M | #221 | View details | |
| cobee.io | 80% | 66.5K | #548,323 | View details | |
| notion.so | 79% | 178.3M | #160 | View details | |
| google.com | 78% | 85.8B | #1 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Coverflex
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Coverflex
Complete news archive for Coverflex
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Coverflex
10 companies that operate in the same segment as Coverflex (Insurance & Risk Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Health insurance plans are offered for individuals and families. | 2006 | Chennai, Tamil Nadu, India | USD 783.29 M | USD 1.9 B | 15,820 | |
Life, health, and general insurance services are provided across India. | 2001 | Mumbai, Maharashtra, India | USD 306.52 M | USD 2.88 B | 16,700 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Life Insurance joint venture between SBI and BNP Paribas Cardiff | 2000 | Mumbai, Maharashtra, India | USD 264 M | USD 14.28 B | 26,360 | |
Insurance, banking, and wealth management services are provided worldwide. | 1816 | Paris, France | – | USD 128.35 B | 100,040 | |
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | – | – | |
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States | – | – | – | |
Cloud-based employee benefits administration solutions are delivered. | 1998 | West Des Moines, Iowa, United States | USD 65.16 M | – | – |
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Frequently Asked Questions about Coverflex
Coverflex was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Coverflex is headquartered in Braga, Portugal.
Miguel Santo Amaro is the current CEO of Coverflex. They have also founded this company.
Coverflex is a funded company, having raised a total of $22.23M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5.96M, raised on Apr 2021.
Coverflex is established as a leading platform for managing flexible employee compensation in Portugal. It is utilized by companies of all sizes to offer benefits such as meal allowances, insurance, childcare vouchers, and salary flexibility through solutions like Flexpay. The platform is designed to serve various industries including technology, management, and consulting. Multiple benefits are centralized into a single card and app, enabling cost savings and tax optimization for both employers and employees. Insights and workflows are provided through Coverflex AI to enhance financial freedom for teams.
Coverflex's top competitors include Payflow, Gusto and Businessolver.
Coverflex offers Coverflex Wallet, Coverflex Meal, Coverflex Insurance, Coverflex Childcare, and Coverflex Flexpay.
Coverflex has made 1 acquisition, including EatsReady.
Coverflex has 16 investors. Key investors include Stableton Financial, SCOR, Breega, Armilar Venture Partners, and Shilling VC.
Coverflex operates through Universal Cover, Sa.
Yes. Coverflex publishes Coverflex and 1 more app, with over 100,000 downloads.
The website of Coverflex receives about 364 thousand visits a month.