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.
Funding Rounds (4) - $11MUpdate
|Feb 8, 2016||BetaKit - Bridgit brings on new chief technology officer|
|Feb 19, 2014||worldleasingnews.com - Constellation Financing Systems Acquires the Shares of Covarity World Leasing News|
|Jul 25, 2012||elfaonline.org - Industry News: Mergers and Acquisitions|
|Nov 3, 2010||covarity.com - Covarity raises 2300000 in unknown round|
|Apr 22, 2010||covarity.com - Covarity raises 3200000 in venture round|
|Apr 19, 2010||covarity.com - Covarity raises 2500000 in unknown round|
|Jul 7, 2009||covarity.com - Covarity raises 3000000 in unknown round|
2300-30 Duke St. W
3rd floor, Ontario Tower
Kitchener, Ontario N2H 3W5