Status
Acquired by Constellation Software on April 19, 2012
Funding Received
$11 Million in 4 Rounds from 9 Investors
Headquarters:
Kitchener, ON
Description:
Covarity is a developer of post-origination commercial loan monitoring and analysis solutions for financial institutions.
Founders:
Jeff Fedor
Categories:
Finance
Website:
http://www.covarity.com

Company Details

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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.

Current Team (2)

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Offices/Locations (1)

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  • HQ

    2300-30 Duke St. W

    3rd floor, Ontario Tower

    Kitchener, ON N2H 3W5

    CAN

Images (1)

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  • Fa1fd7651616eeb6ef6f2b6668da8db4