Faye Secures $50M Series C for Geographic Expansion and AI Development

Travel protection platform Faye announced a $50 million Series C funding round led by Madrona, with participation from BRM and existing investors. Total funding reaches $100 million. The capital will be used for expansion into new markets, partnerships, and AI investment to make underwriting, traveler assistance, and claims faster and more autonomous. The company anticipates AI will resolve more than half of all claims by end of 2026. Faye also plans to expand travel fintech capabilities to help travelers manage money.