First and foremost, we see ourselves as innovators who are striving to create a new reality that improves the way the financial industry “ticks”. We believe the traditional financial ecosystem should work a lot more efficiently and creatively using technology and innovative thinking.
But what does that really mean?
Covercy’s team is combined of financial experts and technological professionals who aim to create innovative solutions for the stagnant financial industry. By merging experience-based innovation with technology and transparency into an industry that often lacks the latter; we create experiences that are fast, affordable and simplified.
We have created our cross-border payments platform which is a secure, simple and cost-efficient service that enables businesses and individuals to transfer money abroad at guaranteed rates. To reduce the costs of conversion, SWIFT, correspondent banks and recipient fees, we operate a network of local bank accounts in various countries.
Are you a business with foreign investors as clients? With terra, in addition to speedy global payments which can help you close deals faster, you can enjoy real-time tracking, electronic customer verification and much more. The tool is particularly ideal for real-estate brokers, agents and investment professionals.
Backed and Authorised
We, at Covercy, are fortunate and honored to be backed by SGVC, Mindset ventures and Altair VC. We’re also proud alumni of Microsoft Accelerator, a group of select tech companies that are on a mission to change their industries.
We’re also regulated by the UK FCA, one of the leading financial regulators in the world, as well as the Israel Ministry of Finance. You can read more on this here. This was achieved after we implemented world-class methods to prevent money laundering and protect the safety of our client funds.
Doron is charged with forming Covercy’s strategy, steering day to day operations and managing investor relations. Doron has an extensive background in FinTech (financial technology). His entrepreneurial drive helped build Leverate, a leading provider of software and financial solutions to online forex brokerages, where he was a Co-Founder, Co-CEO and now Chairman.
Gonen is in charge of Covercy’s innovation. He heads Product and R&D departments, and constantly refining our customer experience in the World’s Simplest Cross Border Transfer Solution. Gonen is an entrepreneur at heart, he was a Co-founder and CTO at Tryout.net, the first kid-safe talent network. He has been coding since he can remember and gained expertise in product management and development.
Under Shai's leadership, the Finance department provides an accurate and timely picture of the company’s performance. Additionally, Shai heads the company's back-office operations in order to streamline the transfer process while reducing related risks. Prior to Covercy, Shai gained extensive experience at Ernst & Young both as an auditor and in financial and strategic consulting roles.
Errol heads Covercy’s European operations, which are headquartered in London. He is responsible to manage our financial risk management policy and maintain our UK regulated Authorized Payment Institution status, which allows us to operate across the EU. Errol served for over 30 years in multiple CEO and CIO positions in regulated hedge funds and asset management firms in both the UK and the USA.
With more than 15 years of marketing experience in his career, Gidon leads Covercy’s global marketing strategy. He believes that since Covercy adds such great value to its clients, his job is so much more rewarding and enjoyable. Gidon has led several marketing teams to international success over the years.
Eldad has more than 15 years of experience in sales and customer relations, working with a variety of communities, small and large entities and non-profitable organizations. At Covercy, Eldad heads the sales and customer relations departments. Prior to Covercy, Eldad headed a leading U.S. marketing franchise agency connecting local businesses and communities.
Most recently, Dan was an investor over at Susquehanna Growth Equity, investing in and partnering with some of Israel's best entrepreneurs in the fields of internet, software, and enterprise SaaS (they back amazing teams like Outbrain, Payoneer and Credit Karma).
May is a human resource manager with extensive experience in setting up HR foundations in mature, young and growing companies. May has vast experience in both local and international companies. Her areas of expertise cover high level managerial consultancy, development of recruitment and retention processes, building and adapting training programs, managing compensations and benefits, handling employees' well being to establishing HR processes and policies.
Dovi Frances was born in Tel Aviv, Israel to an eastern European family. Frances served as a Company Commander (Captain) in Bahad I, Israeli Defense Forces' Officers Academy stationed in the Negev Desert. In 2005, Frances earned his dual BA from the Ben Gurion University in Business Administration and Psychology. He graduated in June 2008 with a Masters of Business Administration in Finance and Marketing from UCLA Anderson School of Management. Following his studies at UCLA, he joined Deutsche Bank Private Bank as one of twenty wealth managers that were tasked with managing the financial affairs of ultra-high-net-worth clients in North America. In 2010 Frances founded SG, LLC, a family office for Sergey Grishin that operated in the US, Russia, and Israel. The firm provided Grishin and a few other select families with unique solutions to their complex financial needs. While at SG, LLC, Frances was also recognized for breaking a Guinness World Record selling the world's largest life insurance policy. In January 2012, Frances formed SGVC as part of the Alternative Investment arm of SG, LLC. SGVC is an early stage venture capital firm focused on partnering with and providing resources to visionary entrepreneurs in their pursuit to transform and abstract large and opaque industries. In May 2015 Frances acquired SGVC Fund I and its portfolio out of SG, LLC and stepped down to focus solely on venture capital investments. On January 2016 Frances announced the launch of SGVC Fund II, a 50MM USD fund focused on providing capital to early stage Business to Business, Enterprise Software, Financial and Real Estate Technology companies. Frances serves as a board member and an advisor to: Addepar, Tipalti, HomeLight, Sunbit, Covercy, SkyGiraffe and YouNow.