Meet Neo, your AI-powered Co-GP.
By the end of this overview you'll understand how the pieces of Covercy One's banking and payments fit together — how the accounts you set up power both the money coming in from investors and the money you send back out — so you know which guide to reach for at each stage.
Note
This is a GP overview rather than a step-by-step task. Each section links to the detailed guide for that step. Working with money in Covercy One starts with banking set up for your investing entity.
Banking is the foundation
Everything to do with money flows through the bank accounts you set up on an investing entity's Banking page. The accounts you add — and the one you mark as default — determine where payments come from and which account each holding uses. Setting this up once means your fundraising and distributions are ready to move money when you need them to. See Set up banking for how to add accounts, choose a default, and assign accounts to holdings.
Money coming in: fundraising and capital calls
When you raise capital, investors commit and then fund their investment. As part of the investment flow, an investor provides the bank account their funds will come from, and that account is reviewed before it's used. Your role as the GP is to set up the fundraise, guide investors through the flow, and confirm the bank details on your side. The detailed steps live in Create a fundraise and Guide investors through the investment flow, and approving the accounts investors submit is covered in Approve investor bank account requests.
Note
Whether money comes in at the initial investment or in later rounds, the same foundations apply: an investor's bank account is captured and reviewed, and your entity's banking is in place to receive it. Use the fundraising guides for the workflow you're running.