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Covercy

Covercy One — The all-in-one platform for CRE fund managers.

Investment Management
  • Investor Portal

    A branded, self-serve home for your investors

  • Financial Operations

    End-to-end financial operations for your firm

  • Fundraising

    From interested investor to funded in minutes

  • Distributions

    Calculate waterfalls, pay, and reconcile in clicks

  • Integrations

    Yardi, Rent Manager, NetSuite and more

Fund Administration
  • Fund Administration

    Professional fund admin, one integrated platform

  • DTCC / AIP Connectivity

    Connect your fund to the DTCC/AIP network

  • Transfer Agent

    Cap tables, subscriptions, and investor registers

  • Full NAV Administration

    Audit-ready fund accounting and NAV

  • K-1 & Tax Support

    Reconciled books that make K-1 season painless

Automated Payments & Banking
  • Covercy Pay

    Cross-border money transfers

  • US Banking

    Bank accounts for every fund and asset

  • Covercy Prime

    Payment plans and collections for property sellers

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Our story, mission, and team

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FAQs, tutorials, and support docs

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The Covercy Story

We built the money layer first.Everything else followed.

Covercy One is the investment management platform built from the money up — banking, distributions, and reconciliation at the core, with Neo, your AI Co-GP, across all of it.

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300

Investment firms

30K

Investors served

$2B

Annual payment processing

10+

Years of regulated money movement

Everything was starting to get automated except the thing that mattered most: the movement of money.

Covercy started in 2015 as a regulated cross-border payments company — FCA-licensed, compliance in-house, moving money for businesses that couldn’t afford to get it wrong. By 2019 we noticed something in our own data: nearly two-thirds of the volume flowing through our rails was real estate investment payments. Capital calls, distributions, investor payouts. We didn’t choose this industry — our customers chose it for us.

So we went to see how those firms worked, and found brilliant investors running modern funds on decade-old plumbing: waterfalls in spreadsheets, payments wired one at a time, reconciliation by hand across five systems. Everyone selling them software had built tools for tracking money. We had spent years building rails for moving it.

That difference became Covercy One. Today fundraising, distributions, investor relations, banking, and fund administration run on one position ledger — every fund, every investor, every transaction — with Neo, your AI Co-GP, working across all of it.

The road from payments to AI-native

  1. 2015

    Regulated payments

    Covercy launches as a cross-border payments company under UK and Israeli licenses — KYC, AML, and sanctions screening in-house from day one.

  2. 2019

    The pivot signal

    65% of the volume moving through our rails is real estate investment payments — capital calls, distributions, investor payouts. Our customers had already decided what we should become.

  3. 2020

    Investment management

    We launch investment management — investor portal, capital calls, distributions, CRM — built for the clients whose money we already moved.

  4. 2022

    Banking meets investment management

    US banking goes live inside the platform — the first investment management platform in the industry to run its own banking rails.

  5. 2025

    AI-native

    We rebuild the company around AI, and the platform becomes Covercy One. Neo, your AI Co-GP, answers, acts, and generates across every fund, investor, and transaction.

What we believe

  1. 01

    We treat money movement as sacred.

    Every dollar collected, held, distributed, and reconciled is matched against one ledger, in real time.

  2. 02

    We were regulated before we were a platform.

    Compliance isn’t a feature we added — it’s where we started, a decade ago.

  3. 03

    We build for both sides of the table.

    General partners scale without adding headcount; investors get transparency without having to ask for it.

  4. 04

    We let AI do the work — and people make the calls.

    Neo answers, acts, and generates; humans approve at every critical gate.

We’re a team rebuilt around AI — and we’re hiring.

Leadership Team

Doron Cohen

Doron Cohen

Founder & CEO

Leads strategy, product vision, and growth. 20+ years across fintech and real estate; founded Covercy to bring banking and investment management into one platform.

Veronika Miller

Veronika Miller

VP Finance & Operations

CPA with extensive experience in finance, planning, and compliance for fintech and high-tech industries. Previously at EY.

Chip Kruger

Chip Kruger

Chairperson

Co-CEO of Greenwich Capital Markets, which he sold to NatWest (later RBS) for $590M. Co-founder and Managing Partner of Five Mile Capital, a $6B+ alternative investment firm. MBA, Tuck School of Business at Dartmouth.

Peter Sanchez

Peter Sanchez

President

Former Northern Trust executive with deep expertise in fund operations, profitability, and compliance. Princeton alumnus. Leads Covercy’s US growth and institutional capabilities.

Gal Miller

Gal Miller

VP Product

Product and technology leader with extensive fintech and SaaS experience across startups and enterprises.

Kristen Erickson

Kristen Erickson

Head of Marketing

Marketing leader focused on growth and brand, driving measurable outcomes and cross-functional collaboration.

Colin Rau

Colin Rau

Director of US Sales & Client Success

Leads US sales and customer success strategy. Background across financial services and commercial real estate.

Rotem Magen

Rotem Magen

Head of EMEA Accounts

Leads EMEA accounts with a decade of experience in financial services, focused on revenue growth and client success.

Errol Rudnick

Errol Rudnick

Managing Director, Europe

Seasoned finance and technology executive based in the UK, leading Covercy Europe.

Yehonathan Jacob

Yehonathan Jacob

VP R&D

Engineering leader heading Covercy’s R&D. Backend and AI specialist; previously Backend Team Lead at DataRails and engineer at Aidoc. B.Sc. in Computer Science.

Doron Cohen

Doron Cohen

Founder & CEO

Leads strategy, product vision, and growth. 20+ years across fintech and real estate; founded Covercy to bring banking and investment management into one platform.

Veronika Miller

Veronika Miller

VP Finance & Operations

CPA with extensive experience in finance, planning, and compliance for fintech and high-tech industries. Previously at EY.

Chip Kruger

Chip Kruger

Chairperson

Co-CEO of Greenwich Capital Markets, which he sold to NatWest (later RBS) for $590M. Co-founder and Managing Partner of Five Mile Capital, a $6B+ alternative investment firm. MBA, Tuck School of Business at Dartmouth.

Peter Sanchez

Peter Sanchez

President

Former Northern Trust executive with deep expertise in fund operations, profitability, and compliance. Princeton alumnus. Leads Covercy’s US growth and institutional capabilities.

Gal Miller

Gal Miller

VP Product

Product and technology leader with extensive fintech and SaaS experience across startups and enterprises.

Kristen Erickson

Kristen Erickson

Head of Marketing

Marketing leader focused on growth and brand, driving measurable outcomes and cross-functional collaboration.

Colin Rau

Colin Rau

Director of US Sales & Client Success

Leads US sales and customer success strategy. Background across financial services and commercial real estate.

Rotem Magen

Rotem Magen

Head of EMEA Accounts

Leads EMEA accounts with a decade of experience in financial services, focused on revenue growth and client success.

Errol Rudnick

Errol Rudnick

Managing Director, Europe

Seasoned finance and technology executive based in the UK, leading Covercy Europe.

Yehonathan Jacob

Yehonathan Jacob

VP R&D

Engineering leader heading Covercy’s R&D. Backend and AI specialist; previously Backend Team Lead at DataRails and engineer at Aidoc. B.Sc. in Computer Science.

Offices

NYC

7 World Trade Center,

250 Greenwich, New York,

NY 10006, USA

LDN

5-7 Tanner St,

London SE1 3LE,

United Kingdom

TLV

Beit Gibor Sport,

7 Menachem Begin Road

Ramat Gan 5268102, Israel

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Covercy logo
TrustRadius Top Rated 2025 badgeTrustRadius Buyer’s Choice 2026 award badgeIndustry recognition medalThoropass SOC 2 Type I compliance badge

Product

PlatformInvestor PortalFundraisingDistributionsPaymentsFinancial OperationsCovercy PrimeNeoThread BankRent Manager IntegrationCovercy + Rent Manager

Solutions

SolutionsInvestment Management SoftwareInvestor PortalInvestor CommunicationsInvestor ReportingPerformance ReportingCapital CallsDeal SourcingFundraising Pipeline ManagementCapital Stack ManagementDistribution PaymentsGP/LP StructureReal Estate SyndicationPro-Rata DistributionDistribution WaterfallProfit DistributionFund AdministrationFund Administration SoftwarePaid-In CapitalCapEx ManagementUncalled CapitalTransfer FundsCross Border PaymentsFund Administration ServicesTransfer Agent ServicesDTCC AIP ConnectivityK-1 Tax SupportFundraising for SyndicationsSS&C vs CovercyApex vs CovercyAlter Domus vs CovercyUltimus vs CovercyStandish vs Covercy

Resources

Articles & InsightsHelp CenterContact SalesCommercial Real Estate InvestingPCP Flow Case StudyCRE Deal Structures Guide

Legal

International Payments - Terms of UseCovercy GP - Terms of UsePrivacy & Cookie PolicyComplaintsCovercy GP Business Deposit Account AgreementCovercy VISA Debit Cardholder AgreementRegulationElectronic Disclosure & ConsentSitemap

Company

AboutCareersContact usContact SupportSign UpPartnershipReferral ProgramCovercy PayRadcliffe

Banking services:

Covercy is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. FDIC deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. The Covercy Visa debit card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted.

Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when Thread Bank places them at program banks in its deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact customerservice@thread.bank with questions on the sweep program. Pass-through insurance coverage is subject to conditions.

Payment services:

Covercy Europe Limited. Registered in England No. 675000. Registered Office: 5 Elstree Gate, Elstree Way, Borehamwood, Hertforshire, WD6 1JD, UK

Covercy Technological Trading Limited. Registered in Israel No. 57797. Registered Office: 7 Menachem Begin Rd, Ramat-Gan, Israel 5268102.

Payment and e-money services (Non MIFID related products) are provided by The Currency Cloud Limited. Registered with the Dutch Chamber of Commerce in the Netherlands under number 72186178. Registered office Mr. Treublaan 7, 1097 DP, Amsterdam, Netherlands. CurrencyCloud B.V. is licensed and regulated by De Nederlandsche Bank as an Electronic Money Institution (Relation Number: R142701).

For United States, Payment services for Covercy Europe Ltd (Non-MIFID related products) are provided by Visa Global Services Inc. (VGSI), a licensed money transmitter (NMLS ID 181032) in the states listed here. VGSI is licensed as a money transmitter by the New York Department of Financial Services. Mailing address: 900 Metro Center Blvd, Mailstop 1Z, Foster City, CA 94404. VGSI is also a registered Money Services Business (“MSB”) with FinCEN and a registered Foreign MSB with FINTRAC. For live customer support contact VGSI at (888) 733-0041.

Payment and e-money services (Non MIFID related products) are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: 1 Sheldon Square, London, W2 6TT, United Kingdom. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199)

© 2026 Covercy. All rights reserved.