Covercy News
4 articles
growth-positive
Covercy Combines Banking and Investment Management for an All-in-one Solution - The Real Deal
Covercy, a real estate management platform, is gaining traction in the US market after handling $500m in capital in 2020. The platform combines investment management with banking, providing a fully automated online solution for real estate general partners (GPs). It streamlines processes such as fundraising, distributing payments, and investor relations, and also offers banking services. The platform has been praised for its speed, efficiency, and security. Covercy was founded in 2015 by Doron Cohen and has since processed billions of transactions and served GPs globally.
CustomersPartnersExpand
growth-positive
Covercy Expands its Board as Part of US CRE Challenger Banking Strategy - Covercy - Real Estate Investment Management Platform
Covercy has appointed Konrad “Chip” Kruger as chairperson and Dana Roffman as an advisory board member as part of its US CRE Challenger Banking Strategy. The appointments are expected to contribute to the companys rapid growth strategy in the US market. Kruger, a Managing Partner at Five Mile Capital, and Roffman, a Non-Executive Director of Savills, bring extensive experience in private equity, banking, and CRE investments. Kruger praised Covercys technology for automating capital calls and distribution payments, while Roffman highlighted the platforms ability to simplify and automate inefficient processes. The company aims to expand its platform to become a full CRE banking platform.
Partners
growth-positive
Big Data Comes to Real Estate - Yeshiva University News
The article discusses a professional networking event held by the Office of Alumni Affairs at Yeshiva University, focusing on how Israeli technology companies are impacting the real estate sector. The event featured a panel discussion with CEOs from Rentigo, Covercy, Skyline AI, and Credifi. The article highlights the slow adoption of technological innovation in the real estate industry and the potential for Israeli tech companies to disrupt and modernize the sector. Yeshiva University sees this event as an opportunity to strengthen its relationship with Israel and provide job and internship opportunities for its students. The article mentions upcoming events related to corporate boards and lay-professional relationships.
PartnersInvestment
growth-positive
Covercy Wins Best Real Estate Investment Platform Award
Covercy, a payment solution for the global private investment industry, has won the Fintech Breakthrough Award in the category of Best Real Estate Investment Platform. The companys new platform, Covercy Terra, has accounted for over 30% of its processing value in April 2018 alone. Covercy offers domestic and international payment solutions, escrow accounts, investor compliance solutions, and digital capital calls, distributions, subscriptions, and redemptions. The company is backed by the SGVC fund.
CustomersInvestment
