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Acquired byConstellation Software
Date4/2012

General Information

Offices

HQ
2300-30 Duke St. W
3rd floor, Ontario Tower
Kitchener, N2H 3W5, CAN

People

VP, Operations
VP & Chief Architect, Development

Funding

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Covarity

Covarity is the leading developer of post-origination commercial loan monitoring and analysis solutions for financial institutions looking to measurably improve their overall portfolio health and performance. By automating the process of collecting and analyzing borrower financial data, Covarity enables financial institutions to manage credit risk on a loan-by-loan basis. By providing the insight and control that lenders need to profitably grow their portfolio - while reducing risk and enhancing client service - Covarity enables lenders to enjoy improved competitiveness, reduced costs, and richer client experiences.

Covarity’s modular solution offers lenders the exact functionality they need for their portfolio segments, actually expanding and enhancing monitoring practices while reducing operational costs. Covarity empowers clients with actionable intelligence for proactive loan management across the portfolio, enabling them to act quickly on loan-by-loan concerns before they become serious.

Covarity’s customers include RBC Financial, RBC Bank, Fidelity Bank, BMO Financial, Libro Financial Group, Laurentian Bank and Crestmark Bank.

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Covarity screenshot
Above: Home Page
Uploaded: 4/20/10

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Covarity

Sources

  1. Constellation Financing Systems Acquires the Shares of Covarity (worldleasingnews.com) [edit]
  2. Covarity Secures $3.2 Million in Venture Capital Financing Funds expected to strengthen the company's lead in loan management software solutions for the financial services sector (covarity.com) [edit]
  3. Covarity Secures $2.5 Million in Venture Capital Financing Funds expected to strengthen the company's lead in loan management software solutions for the financial services sector (covarity.com) [edit]
  4. Covarity Secures Additional Venture Capital Funding to Continue Growth of Commercial Loan Monitoring Solution (covarity.com) [edit]
  5. Covarity Receives $2.3 Million in Funding to Accelerate Growth (covarity.com) [edit]
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Last Edited 2/20/14

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