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Covarity

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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.

Recent Milestones

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  Covarity received $2.3M in Venture Round funding. (9/21/10)
  Posted 11/3/10 at 4:39am via covarity.com
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  Covarity received $3M in Venture Round funding. (5/6/09)
  Posted 7/7/09 at 1:04pm via covarity.com
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  Covarity received $2.5M in Venture Round funding. (2/27/07)
  Posted 4/19/10 at 11:15pm via covarity.com
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  Covarity received $3.2M in Series B funding. (5/29/06)
  Posted 4/22/10 at 10:08pm via covarity.com
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  Covarity added Jeff Fedor as Director.
  Posted 8/1/08 at 4:24pm
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  Covarity added Dave Ronson as Chief Strategy Officer.
  Posted 2/11/11 at 10:47am
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  Covarity added Franck Hivert as CFO.
  Posted 2/11/11 at 10:45am
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  Covarity added Christine Tutssel as VP, Sales.
  Posted 2/11/11 at 10:49am
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  Covarity added Grant O'Neill as CFO.
  Posted 8/1/08 at 4:21pm
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  Covarity added Rod Foster as President & CEO.
  Posted 8/1/08 at 4:21pm
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  Covarity added Tom Gross as VP R&D.
  Posted 8/1/08 at 4:21pm
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  Covarity added Jeff Fedor as Founder & CTO (past) Director (current).
  Posted 7/31/08 at 12:19pm
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  Covarity added Laura Martin as VP, Marketing.
  Posted 2/11/11 at 10:49am
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  Covarity added David Stott as VP, Product Marketing.
  Posted 2/11/11 at 10:49am
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  Covarity added David Eagle as VP, Services.
  Posted 2/11/11 at 10:50am
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  Covarity added Jason Chase as VP & Chief Architect, Development.
  Posted 2/11/11 at 10:50am

Videos

Screenshots

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Above: Home Page
Uploaded: 4/20/10

Traffic Analytics

Compete

Sources

1. 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]
2. 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]
3. Covarity Secures Additional Venture Capital Funding to Continue Growth of Commercial Loan Monitoring Solution (covarity.com) [edit]
4. Covarity Receives $2.3 Million in Funding to Accelerate Growth (covarity.com) [edit]