Covecta raises $6.5 million to redefine how Financial Services teams operate!

Why did your last two customers choose Covecta? What clinched the deal?

Why are financial institutions choosing Covecta? It comes down to three things we’re hearing consistently.

9/21/2025
Scott Wilson - CEO
2
min read

Why are financial institutions choosing Covecta?

It comes down to three things we’re hearing consistently:

1/ Shared vision. Our clients see the same future we do: AI isn’t an experiment anymore, it’s a fundamental shift in how banks, building societies, and lenders will operate.

2/ Balance of long-term + short-term. They’re not looking for moonshots with vague payback. They want quick wins today that ladder into transformational change tomorrow. That ethos is baked into how we deploy.

3/ Proven delivery. Budgets are moving fast. Not just tech spend, but people cost is being reallocated to AI. Institutions need a partner with a high probability of success, which means specialists who know financial services inside out.

Financial institutions are moving beyond testing AI. They’re looking to embed it into the operating model with partners who can deliver results today and compound value in the years ahead.

And that’s why we’re being chosen.