Covela YC Application

Summer 2019Inactive

Covela went through Y Combinator in the Summer 2019 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2019
Industry: FintechInsurance
Team size: 6
Status: Inactive
Launched: 2019

Founders

Victor GarridoFounder
Antoine Nguyen Hong DucFounder
Pamela Pérez OsorioFounder

What Covela does

Covela helps small businesses and freelancers in LATAM find the right insurance coverage, at the right price in less than 15 minutes.

Covela's YC application, reconstructed

Y Combinator application

Covela, Summer 2019 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Covela

Describe what your company does in 50 characters or less.

Digital insurance broker for LATAM SMEs

What is your company going to make? Please describe your product and what it does or will do.

We built an online platform that helps small businesses and freelancers in Latin America find and purchase insurance coverage quickly, typically under 15 minutes. Our product compares policies, simplifies jargon, and delivers personalized recommendations so users can get the right coverage at the best price without the usual hassle of dealing with brokers or insurance companies.

Where do you live now, and where would the company be based after YC?

We live in Mexico City and the company is based there.

Explain your decision regarding location.

Mexico City is the financial hub where most of our users and insurance providers are. It lets us operate close to the market and respond quickly to customer needs and regulatory changes in LATAM insurance.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real Covela YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Covela's public data (launch notes, founder backgrounds, product description). It shows how a company like Covela would present itself to YC, not the text they submitted.