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Covercy Review

3

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Very good

Revainrating 4.5 out of 5  
Rating 
4.3
Vertical Industry, Financial Services

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Description of Covercy

Covercy enables people, businesses and primarily investors to transact overseas quickly, seamlessly and affordably. Covercy is on a mission to automate the entire process of real estate investment syndications for sponsors (GPs) and their investors (LPs).

Reviews

Global ratings 3
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Type of review

Revainrating 4 out of 5

Great Fund and Easy Setup process for investors

I really like how easy it was set up as an investor in this fund because there were very few steps that needed my attention or approval from anyone at covercys end which made me feel comfortable with them working closely together right away! They have been great so far but i would say they need more transparency into what exactly happens when you request information about your investments- we are not getting any info other than general numbers/dates etc.. We dont know who our partners actually…

Pros
  • Very friendly, good customer service
  • Easy platform for new investors
  • Comfortable process around creating assets & investment documents.
  • Ability make contributions wether using fxPOWr app (which is awesome!)or through their own website portal page(its also pretty userful)
Cons
  • Not much documentation available online besides basic client presentations / materials..like quarterly statements

Revainrating 5 out of 5

Covercy - Easy way for managing finances

The best thing about this platform it that you can invest in several countries at once with different currencies. I like most how easy they are when making payments or transfers between accounts - all done through an app! Sometimes there's not enough information given by them regarding what kind of security measures are being taken so be sure to check if everything seems safe before investing your money into any service provider/platform. It helps me manage my funds more effectively and makes…

Pros
  • Also has some sort of mobile application accessible via smartphones where even though we do need internet connection available our phone will perform same functions without needing wifi access etc..all while saving battery life too! Very nice feature indeed :) also love their customer support
Cons
  • Almost never

Revainrating 4 out of 5

Very user friendly payment processor

It's easy to use, it has all the features I need and nothing that I don't. The only part of the system I dislike is the fact that I have to wait so long between payments from my bank account to be credited to my Covercy account. Also, they do not have an app for iOS. There are a few things that could be improved like having more ways to transfer money in/out of your account and being able to see where the money is going in terms of the property. We were using Payoneer but realised that we had…

Pros
  • The system is easy to use and I don't have to wait for a long time between payments being credited to my account
Cons
  • It could be more easy to see where the money is being transferred and the fees that I have to pay every time I transfer money out of my