Cova provides a secure dashboard for users to track and manage diverse assets, including cryptocurrencies, real estate, and traditional investments, while ensuring data privacy through AES-256 encryption and two-factor authentication. The platform addresses the issue of unclaimed assets by enabling users to set up beneficiary notifications and manage crucial financial documents, ensuring that loved ones can access important information in the event of an emergency.
Funding
$5.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals struggle to consolidate and track their diverse assets, including cryptocurrencies, real estate, and traditional investments, leading to a fragmented view of their overall net worth. Furthermore, a significant amount of assets go unclaimed due to a lack of proper planning and beneficiary notification, causing potential loss for loved ones in the event of an emergency.
Solution
Cova provides a secure, centralized platform for users to organize, track, and manage a wide range of assets in real-time, offering a comprehensive overview of their net worth. The platform supports integration with over 11,000 financial institutions in North America, 25 cryptocurrency exchanges, and over 150,000 stock tickers globally. Cova addresses the issue of unclaimed assets by enabling users to set up beneficiaries and a "Lifecheck" feature, which automatically notifies designated individuals if the user becomes inactive, ensuring that crucial financial information is accessible when needed. The platform also includes a secure vault for storing important documents like wills, trusts, and insurance policies, further streamlining estate planning and asset management. Cova prioritizes data security with AES-256 encryption, two-factor authentication, and real-time login notifications.
Target Audience
Cova primarily targets individuals and families who want a centralized, secure platform to track their diverse assets, manage their estate planning, and ensure their loved ones can access important financial information in case of an emergency.
Features
- Real-time tracking of digital and traditional assets, including bank accounts, crypto wallets, stocks, and real estate.
- Support for over 11,000 financial institutions in North America, 25 crypto exchanges, and 150,000+ stock tickers.
- Automatic net worth calculation based on tracked assets and liabilities.
- Secure vault for storing wills, trusts, insurance policies, and other important documents.
- Beneficiary setup and "Lifecheck" feature for automated notification in case of inactivity.
- Remote access granting to attorneys, financial planners, and advisors for collaborative financial management.
- AES-256 data encryption at rest, in transit, and in use.
- Two-factor authentication and vault PIN for enhanced security.