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What is Covercy?

Covercy seamlessly integrates banking with investment management to enhance your financial operations. Our platform streamlines distribution and capital call payment processing through automation, helping you save valuable time while fostering trust with your LPs via an easy-to-use Investor Portal. Within this singular platform, you can also earn interest on the capital funds stored in your Covercy Wallet. Investors have the ability to log in and access comprehensive details about their portfolios, including transaction histories, reports, and essential documents. Capital can be called in your chosen investment currency, while investors can contribute in their preferred currencies. Our secure platform significantly reduces the risks associated with phishing and wire fraud, ensuring a safe experience for all users. You can monitor your investors' positions across all assets and funds with ease, analyzing data in various ways. Additionally, gaining insight into the Investor Portal allows you to understand the investor's perspective and experience firsthand. Completing distribution payments is simplified to a single click, with automatic account debits for convenience. Our financial partners facilitate the opening of accounts under your fund or asset names to automate the processing of capital calls and distributions. Furthermore, you have the opportunity to earn interest on any uninvested capital. Our stringent anti-money-laundering policies and procedures ensure compliance at all times, while enabling you to share essential documents such as K1s, agreements, and financial statements with your investors on a per-fund or syndicate basis. In this way, Covercy not only enhances operational efficiency but also strengthens investor relations.

What is Corniche?

A comprehensive multi-currency accounting system is widely adopted, where each currency is linked to a distinct ledger structure that ultimately consolidates into a reporting currency in accordance with IFRS standards. This system efficiently manages inter-currency positions, ensuring that both the balance sheet and income statement present complete details about the consolidation process. Moreover, it allows commodities to be treated as currencies, which transforms the platform into a commodity broking service as well. Support for digital currencies and digital commodities is extensive, enabling users to store and transact seamlessly. Users have the flexibility to import exchange rates from third-party data services or choose to update them manually as necessary. Creating your own e-currency has become surprisingly easy! Generally, Corniche's customers comprise individuals and businesses that frequently trade with one another, encompassing both buyers and sellers. In addition, Corniche presents a user-friendly escrow system that enables parties to independently manage the sales process, from the initial agreement to the final stages of delivery and payment. This feature not only simplifies the transaction but also guarantees a smooth experience for all participants involved in the trading process, enhancing overall efficiency and satisfaction.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

$100 per month

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Not specified

Training Options

Not specified

Company Facts

Organization Name

Covercy

Date Founded

2015

Company Location

United Kingdom

Company Website

www.covercy.com

Company Facts

Organization Name

Megasol Technologies

Date Founded

1997

Company Location

Sweden

Company Website

www.megasol.se

Categories and Features

Banking

Compliance Tracking
Corporate Banking
Transaction Monitoring

Payment Processing

Bitcoin Compatible
Mobile Payments
Online Payments

Categories and Features

Banking

Compliance Tracking
Corporate Banking
Credit Union
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Transaction Monitoring

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