Coverflex is a flexible-benefits platform that lets employers offer staff benefits such as meal allowances, childcare vouchers, insurance and discounts. Through a single card, employees choose how to spend their benefit budget. The service is delivered as software as a service. Its privacy policy names group entities for Portugal, Spain and Italy.
The company is registered in Braga, Portugal, under the legal name Universal Cover, S.A. Its privacy policy says processing is governed by the GDPR and that data is stored with European cloud providers, including Amazon Web Services in Paris and Google Cloud in Frankfurt. As a rule, data is not transferred outside the European Economic Area. The sources reviewed do not name a majority shareholder, so no foreign parent company can be identified. For a European organisation, this means a European provider with European data storage. The employer does, however, depend on one vendor for both benefits administration and the employee card.