For Investors: Fund Your Capital Call
When your investment manager sends you a payment request to fund your capital call, you will receive an email notification from no-reply@covercy.com or from your investment manager with “Payment request” at the title. You can click “Create Transfer” and follow the on-screen instructions to complete the transfer.
The financial services provider serving your transaction will be determined according to your location:
United Kingdom (Corporates & Individuals):
Payment services are provided by our affiliate Covercy Europe Ltd.
United States (Corporates & Individuals):
Payment services are provided by our commercial partner Wyre Payments Inc.
Israel (Corporates & Individuals):
Payment services are provided by our affiliate Covercy Technological Trading Ltd.
For Investment Firms: Distributions Payments & Escrow Accounts
Online Distribution Payments
To efficiently & securely control your investments, you can issue Online Distribution Payments directly from Covercy GP.
Learn more about using Covercy to manage & pay your distributions.
We will typically determine your financial service provider according to the location of your fund or investment syndicate:
United Kingdom:
Payment services are provided by our affiliate Covercy Europe Ltd.
United States:
We will open an account under your fund or syndicate name at Community Federal Savings Bank (under sponsorship), into which you will fund your transactions. Funds are then held in a segregated bank account by our commercial partner The Currency Cloud Limited for the completion of all payments.
European Economic Area:
Funds are held in a segregated bank account by our commercial partner The Currency Cloud Limited, from which our affiliate Covercy Europe Ltd processes all payments.
Israel:
Payment services are provided by our affiliate Covercy Technological Trading Ltd.
Capital Raise Escrow Account
If your capital raise takes more than a few days, you may choose to securely hold your investors’ funds in a dedicated escrow account, where your lawyer (or anyone else you designate) will be the signatory who confirms closing and release of funds.
Your investors will fund their capital call transactions as described above.
These funds will be automatically placed in a designated segregated bank account by our commercial partner The Currency Cloud Limited.
Once closing is confirmed (or cancelled), processing the funding instructions will be done by our affiliate Covercy Europe Ltd.
For Everyone: Transfer Money Abroad
You can instruct generic (non-investment-related) cross border and/or cross-currency transactions using our payment platform.
Learn more about using Covercy to Transfer Money Abroad.
The financial services provider serving your transaction will be determined according to your location:
United Kingdom (Corporates & Individuals):
Payment services are provided by our affiliate Covercy Europe Ltd.
United States (Corporates & Individuals):
Payment services are provided by our commercial partner Wyre Payments Inc.
Some corporate customers are receiving services from our commercial partners Community Federal Savings Bank (under sponsorship) or The Currency Cloud Inc.
European Economic Area (Corporates only):
Payment services are provided by our commercial partner The Currency Cloud Limited.
Israel (Corporates & Individuals):
Payment services are provided by our affiliate Covercy Technological Trading Ltd.
