Case Study: Covercy streamlines commercial real estate payments with Unit

How Unit helps Covercy streamline payments for commercial real estate investments

Covercy, a commercial real estate investment-management platform, needed a faster, more secure way to handle the complex payments work involved in capital calls and quarterly distributions. Before working with Unit, its customers faced manual ACH processing, spreadsheet-based calculations, and significant administrative overhead. Covercy used Unit’s embedded banking and payments capabilities, along with deposit accounts, to build a wallet experience inside its platform.

With Unit, Covercy automated ACH payments for capital calls and waterfall distributions, gave investors a portal to manage bank details and track payment status, and added interest-earning Covercy Wallet accounts powered by Unit and Thread Bank. The result was a simpler, more transparent experience that reduced manual work, improved security and compliance, and helped eliminate the need for dozens of hours of back-office effort each month.

Covercy

Doron Cohen

Chief Executive Officer