LONDON, September 16 2025 – Covecta, a leader in agentic deployment across the financial services sector, today announced the closing of a $6.5 million seed round, led by Salesforce Ventures. With its specialised agents that support front, mid and back-office operations, Covecta is unlocking a new way of working for financial institutions.
“Covecta’s Agents are more than just a tool. They present a new way of building technology, consuming technology, and operating for the financial sector. The opportunities around AI are endless and Covecta is here to ensure those who work in financial services stay ahead of the game,” said Scott Wilson, Founder & CEO, Covecta.
Covecta is supercharging the financial service’s workforce by bringing agentic technology to day-to-day workflows. Through the platform, users can search the web with Covecta’s agents, search and query enterprise data, and mobilise highly specialised agents to complete complex mission-critical tasks or complete mundane activities at scale. Teams are saving 10,000 hours within their first year of using Covecta.
The financial services sector was built on trust. Covecta carries this sentiment forward and ensures that every aspect of the platform is purpose built to deliver on the standards required for AI to be deployed successfully across this sector. Covecta serves a broad range of customers including traditional banks, specialist and non-bank lenders, building societies and brokers.
Metro Bank announced its partnership with Covecta earlier this year, deploying the platform across its corporate and commercial credit businesses. Andy Veares, MD of Corporate & Commercial, Metro Bank, is quoted in the announcement, noting Covecta’s AI capabilities will help Metro Bank continue to grow by freeing up more time for “corporate and commercial banking experts to spend servicing our customers, which goes to the heart of our relationship banking ethos.”
“To date we have been recognised for balancing human-in-the-loop capabilities, enterprise-grade security and delivering specialised agent capabilities. The next step is to double down on our infrastructure, building more specialist skills across our agents and increasing the autonomous nature of our agents” said Ben Thomas, Founder & CRO, Covecta.
Covecta’s founding team combines deep experience across AI and the financial services sector with prior experience at the likes of Finastra, McKinsey and Mambu. The team includes commercial operators, along with a range of engineering disciplines, that have delivered Enterprise and SaaS software and built businesses from the ground up.
The team is now actively hiring across a number of roles. To learn more, visit our company page.
About Covecta
Covecta is a leading agentic AI company specialising in deploying purpose-built agents and search capabilities to handle the complex and manual tasks that still exist in today's Financial Services sector. Covecta empowers front, middle and back office teams, liberating them from manual activity and equipping them with richer insights and data.
