Elad Schaffer

Elad Schaffer is the Co-Founder and CEO of Faye, a travel insurance startup that aims to redefine the industry with innovative, consumer-centric solutions.12 As an experienced entrepreneur, Schaffer has been building businesses for over 12 years.1

Background and Experience

Before founding Faye, Schaffer co-founded Wikistrat, a crowdsourced consultancy platform. He successfully grew this venture from a bootstrapped startup to a profitable enterprise serving Fortune 500 companies and generating millions in annual revenue.1

Role at Faye

At Faye, Schaffer leads the company in providing whole-trip travel insurance protection for Americans. The startup utilizes proprietary technology to offer:

• 24/7 immediate support worldwide
• Quick reimbursements
• A user-friendly app for managing coverage and filing claims1

Forbes Technology Council Contributions

As a member of the Forbes Technology Council since April 2022, Schaffer regularly contributes articles on various topics related to technology, entrepreneurship, and the insurance industry.1 Some of his recent publications include:

• Tips for building diverse and inclusive tech teams
• Strategies for avoiding single points of failure in startups
• The future of smart insurance
• Lessons learned from building a travel insurance startup during the COVID-19 pandemic13456

Schaffer's insights and expertise in the travel insurance and technology sectors make him a valuable contributor to the Forbes Technology Council, where he shares his experiences and advice with other industry professionals and aspiring entrepreneurs.