Meet Neo, your AI-powered Co-GP.
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
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.
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.
2020
Investment management
We launch investment management — investor portal, capital calls, distributions, CRM — built for the clients whose money we already moved.
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.
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
We treat money movement as sacred.
Every dollar collected, held, distributed, and reconciled is matched against one ledger, in real time.
We were regulated before we were a platform.
Compliance isn’t a feature we added — it’s where we started, a decade ago.
We build for both sides of the table.
General partners scale without adding headcount; investors get transparency without having to ask for it.
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.
