About Travelex Insurance
Travelex Insurance is a company based in Omaha (United States) founded in 1996 was acquired by Cover-More in September 2016.. Travelex Insurance offers products and services including Ultimate Plan, Advantage Plan, and Essential Plan. Travelex Insurance operates in a competitive market with competitors including International Medical Group, AGA Service Company, APRIL International, Travel Guard and Trip Mate, among others.
- Headquarter Omaha, United States
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Travelex Insurance Services, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
-
Acquired by
Cover-More
(Sep 27, 2016)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Travelex Insurance
Travelex Insurance offers a comprehensive portfolio of products and services, including Ultimate Plan, Advantage Plan, and Essential Plan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides extensive coverage for medical emergencies and trip interruptions.
Offers balanced protection for cancellations and travel delays.
Delivers essential coverage for trip costs and baggage issues.
Unlock access to complete
Software Development Team
40 people
Sales and Marketing
22 people
Finance and Accounting
11 people
Leadership Team
9 people
Human Resources and Administration
8 people
Senior Team
7 people
Head Team
7 people
Legal and Compliance
6 people
Unlock access to complete
Funding Insights of Travelex Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Travelex Insurance
Travelex Insurance has secured backing from 1 investor. Prominent investors backing the company include Cover-More. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Travel insurance is provided by Cover-More, founded in 1986.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Travelex Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Travelex Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Travelex Insurance Comparisons
Competitors of Travelex Insurance
Travelex Insurance 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 International Medical Group, AGA Service Company, APRIL International, Travel Guard and Trip Mate, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online travel insurance provider
|
|
| domain | founded_year | HQ Location |
Provides travel insurance, claims processing, and 24/7 support for global travelers.
|
|
| domain | founded_year | HQ Location |
Travel insurance policies are offered for international coverage needs.
|
|
| domain | founded_year | HQ Location |
Provider of travel insurance services
|
|
| domain | founded_year | HQ Location |
Bespoke digital solutions for web and app development are provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Travelex Insurance
Frequently Asked Questions about Travelex Insurance
When was Travelex Insurance founded?
Travelex Insurance was founded in 1996.
Where is Travelex Insurance located?
Travelex Insurance is headquartered in Omaha, United States. It is registered at Omaha, Nebraska, United States.
Who is the current CEO of Travelex Insurance?
Michael Ambrose is the current CEO of Travelex Insurance.
What does Travelex Insurance do?
Travelex Insurance was established in 1996 and is headquartered in Omaha, United States. Operations are centered on the insurance sector, with a focus on travel protection services. Policies covering trip cancellations, medical emergencies, and baggage loss are issued to individuals and groups. Coverage is extended across various global destinations, supported by a network of claims processing in the U.S. Leadership is provided by CEO Michael Ambrose.
Who are the top competitors of Travelex Insurance?
Travelex Insurance's top competitors include APRIL International, International Medical Group and Travel Guard.
What products or services does Travelex Insurance offer?
Travelex Insurance offers Ultimate Plan, Advantage Plan, and Essential Plan.
Who are Travelex Insurance's investors?
Travelex Insurance has 1 investor. Key investors include Cover-More.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.