About Covercy
Covercy is a company based in Tel Aviv (Israel) founded in 2014. Covercy has raised $1.5 million across 1 funding round from investors including Group 11. Covercy offers products and services including Investor Portal, Fundraising Tools, Distribution Payments, and Financial Operations. Covercy operates in a competitive market with competitors including Tipalti, Payoneer, Ebury, Airwallex and Rapyd, among others.
- Headquarter Tel Aviv, Israel
- SectorsFinancial Services
- Email••••••••
- Website covercy.com
- Social LinkedIn X Facebook YouTube
- Legal Name Covercy Europe Ltd
- Total Equity Funding$1.5M (USD)
in 1 rounds
- Latest Funding Round$1.5M (USD), Seed
Feb 2016
- Investors
Products & Services of Covercy
Covercy offers a comprehensive portfolio of products and services, including Investor Portal, Fundraising Tools, Distribution Payments, and Financial Operations.
Platform for real-time investment performance and document access
Facilitates investor attraction and deal management
Automates payments with integrated waterfall models
Streamlines back-office tasks and bank integrations
Apps and channels of Covercy
its YouTube channel Covercy has 65 subscribers and 28 videos.
Videos from Covercy
The most watched videos on Covercy's YouTube channel, Covercy (65 subscribers). Click a video to play it here.
More on Covercy.
Funding Insights of Covercy
Covercy has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.5 million completed in February 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.5M
- Total Rounds 1
- Last Round Seed — $1.5M
- First Round $1.5M
(Feb 2016)
- Investors Count 1
All 1 funding rounds of Covercy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2016 | $1.5M | Seed | – | Group 11 | – |
1 investors in total: 1 institutional.
Investors in Covercy
Covercy has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Group 11.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in fintech companies are made by Group 11. | – | group11.vc | Beverly Hills, United States |
Investor details for Covercy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Covercy
30 people are tracked at Covercy (10 in leadership, 4 in board & advisors, 16 in team).
| Name | Role | Group |
|---|---|---|
Errol Rudnick | Managing Director, Europe | Leadership |
Kristen Erickson | Director, Content Strategy | Leadership |
Gal Miller | VP, Product & Technology | Leadership |
Tara Lavelle | Head, Marketing | Leadership |
Doron Cohen | Co-Founder & CEO | Leadership |
Colin Rau | Director Of U.s. Sales & Customer Success | Leadership |
Natalie Akopian | Head of Design | Leadership |
Rotem Magen | Head, EMEA Accounts | Leadership |
Matvey Digilov | Vp R&d | Leadership |
Ilay Kiriaty | Head Of Business Operations | Leadership |
Konrad Chip Kruger | Chairperson | Board & advisors |
Boaz Schwartz | Board Member | Board & advisors |
Tal Kerret | Advisor | Board & advisors |
Dana Roffman | Advisor | Board & advisors |
Yossi Namias | Payment Operations Manager | Team |
Veronika Miller | Financial Controller | Team |
Asaf Aharoni | QA Engineer | Team |
Victoria Kopelian | Customer Success Manager | Team |
Tom Leibovitz | Product Manager | Team |
Naor Basali | Payments Operations Specialist | Team |
10 more people are available in the full profile.
Complete people profiles for Covercy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Covercy
2 dated milestones of Covercy across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Covercy is founded.
- Funding First funding round of $1.5M.
Competitors of Covercy
Covercy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tipalti, Payoneer, Ebury, Airwallex and Rapyd, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. | |
| payoneer.com | 2005 | New York, United States | $269M | 2,407 | Cross-border payments are enabled for businesses via diverse payout methods. | |
| ebury.com | 2009 | London, United Kingdom | $374.12M | 1,057 | Forex risk management and payment solutions are provided for businesses. | |
| airwallex.com | 2015 | Singapore | $1.25B | – | Cross-border payments are processed for businesses via tools and APIs. | |
| rapyd.net | 2016 | London, United Kingdom | $1.26B | – | Global payment solutions are provided by Rapyd to businesses worldwide. | |
| currencycloud.com | 2007 | London, United Kingdom | $186.88M | 97 | Cloud-based payment solutions are provided for cross-border transactions. | |
| flywire.com | 2009 | Boston, United States | $283.35M | 1,250 | Flywire is recognized as a global payments and software expert. | |
| thunes.com | 2016 | Singapore | $352M | – | Cross-border payment infrastructure provider | |
| azafinance.com | 2013 | London, United Kingdom | $41.76M | – | Software for cross-border remittances and forex management is provided. | |
| vertofx.com | 2017 | Palo Alto, United States | $12.1M | 47 | Cross-border payments and foreign exchange solutions are provided to businesses. |
Detailed competitors of Covercy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Covercy
The website of Covercy (covercy.com) receives about 32.8K visits a month.
- Monthly visits32.8K
▲ 52.9% vs previous month
Websites whose visitors overlap most with Covercy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| agorareal.com | 100% | 130.6K | #226,964 | View details | |
online.girosyfinanzas.com | online.girosyfinanzas.com | 90% | – | – | – |
ntrust.com | ntrust.com | 90% | – | – | – |
currencyconverter.co.uk | currencyconverter.co.uk | 89% | – | – | – |
msl.org.il | msl.org.il | 88% | – | #6,023,502 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 26 similar websites and full traffic analytics for Covercy
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 26 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Covercy
Complete news archive for Covercy
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Covercy
10 companies that operate in the same segment as Covercy (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about Covercy
Covercy was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Covercy is headquartered in Tel Aviv, Israel.
Covercy is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Seed of $1.5M, raised on Feb 2016.
Covercy was founded in 2014 in Tel Aviv, Israel, within the fintech sector focused on international payments. Online money transfer and foreign exchange services are offered to users, who deposit funds into Covercys accounts for routing to recipients. Operations emphasize competitive exchange rates and reduced fees relative to traditional banks, supporting cross-border transactions globally.
Covercy offers Investor Portal, Fundraising Tools, Distribution Payments, and Financial Operations.
Covercy has 1 investor. Key investors include Group 11.
Covercy operates through Covercy Europe Ltd.