Welfaire
Welfaire is an insurance wholesaler providing brokers with digital products to target self-employed workers.
https://welfaire.com
Activity
Insurtech
Stage at investment
Seed & Pre-Series A
Employees
25
What is Welfaire?
Welfaire is an insurtech company dedicated to health and prevoyance for TNS (travailleurs non salariés) only. The only Assurtech of this segment - Huge market size of the TNS segment : € 16 Mds into France - Weak competitive landscape : the leader (Entoria) has no more than 5% market share. - The team is very solid : one insurance specialist (ex Entoria) + one successful tech entrepreneur - Highly digitalized product - no competitor is digitalized - Highly oriented to health prevention
Business and value proposition
Welfaire is an insurance wholesaler providing brokers with digital products to target self-employed workers (i.e. lawyers, doctors, majority owners of SMBs, nurses, farmers etc.- called "TNS - Travailleurs non salariés" in French).
Why we invested ?
Welfaire is led by a highly complementary team combining strong digital expertise and deep knowledge of the insurance sector. The company addresses the fast-growing self-employed market, which now represents 12% of the workforce and is increasingly aware of the need for proper insurance coverage. Their B2B2C approach leverages broker networks seeking a fully digital solution, with attractive ARPU potential. The market remains largely untapped, offering Welfaire a first-mover advantage. Execution will be key to capturing this greenfield opportunity.
Geographical footprint
Team of Welfaire
daphni team in charge
Jérémie Herscovic
CEO