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The Transparent Alternative to Agora Real Estate

More payment options, transparent waterfalls, and 54% lower cost. Plus, try free for 14 days.

No commitment. Cancel anytime during trial.

Key Advantages Over Agora

See why leading GPs are switching to Covercy's modern platform

Complete Payment Flexibility

  • 4 payment methods vs Agora's 1
  • Up to $5M per payment
  • Automated ACH collections

💡 25x higher limits than Agora

Transparent Waterfall Calculations

  • Build in Excel, see all formulas
  • Download full calculations
  • Per-asset or per-LP flexibility

💡 No more black box calculations

54% Lower Cost + Free Trial

  • Start at $348/month
  • 14-day free trial
  • Cancel anytime

💡 Try risk-free today

Dedicated Account Manager

  • Personal support included
  • Not just general support
  • Help with migration

💡 Every customer matters

Connect All Your Banks

  • Track external bank accounts
  • View balances & transactions
  • Unified financial dashboard

💡 Complete financial visibility

Earn on Your Cash

  • Up to 3.12% APY
  • FDIC-insured accounts
  • No hidden fees

💡 Make your money work

See Why GPs Are Switching From Agora to Covercy

A detailed comparison of features, pricing, and capabilities

Free Trial

Covercy:✓ 14 days, cancel anytime
Agora:✗ No trial

Payment Methods

Covercy:Same Day ACH, Wire, Checks, SWIFT
Agora:ACH only

Payment Limits

Covercy:Up to $5M
Agora:Less than $200K

ACH Debit Collections

Covercy:✓ Automated
Agora:✗ Not available

Waterfall Transparency

Covercy:Excel-based, downloadable formulas
Agora:Black box UI calculations

Waterfall Flexibility

Covercy:Per-asset, per-LP options
Agora:Limited configurations

Starting Price

Covercy:$348/month
Agora:$749/month

Billing Options

Covercy:Monthly
Agora:Annual prepayment

Pricing Model

Covercy:Per asset/fund
Agora:AUM-based

Dedicated Account Manager

Covercy:✓ All customers
Agora:General support

Banking Integration

Covercy:✓ FDIC-insured accounts
Agora:✗ Not available

Open Bank Accounts

Covercy:✓ In minutes per asset/fund
Agora:✗ Not available

External Bank Connections

Covercy:✓ Track all bank accounts
Agora:✗ Not available

Interest on Cash

Covercy:✓ Up to 3.12% APY***
Agora:✗ Not available

AI Report Writing

Covercy:✓ Included
Agora:✗ Not available

Banking services:

*Covercy is a financial technology company, and is not a bank. Banking services provided by Thread Bank, Member FDIC. The Covercy Visa Debit Card is issued by Thread Bank, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa is accepted.

**Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure and a list of program banks at https://thread.bank/program-banks. Please contact customerservice@thread.bank with questions on the sweep program.

***The tiered annual percentage yield (APY) is effective as of Dec 19, 2024. This is a variable rate based on the Federal Funds Rate and may change after the account is opened. Fees may reduce earnings on the account.

Finally, Waterfalls You Can Trust and Verify

See exactly how every dollar is calculated - no more black boxes

Build in Excel

Use your existing models or create new ones

Download Everything

Get the full spreadsheet with visible formulas

Maximum Flexibility

Configure per-asset or even per-LP waterfalls

Why Transparency Matters

  • •Verify calculations independently without shadow Excel files
  • •Build trust with investors through complete transparency
  • •Customize waterfalls for complex deal structures
  • •Handle per-asset or per-LP specific terms easily
Unlike Agora's
Black Box Calculations
With Agora, you can only validate calculations by running shadow Excel files manually. With Covercy, every formula is visible and downloadable.

Award-Winning & Top-Rated Investment Management Platform

G2 Leader Winter 2025 Badge
TrustRadius Buyer's Choice 2025 Badge
TrustRadius Top Rated 2025 Badge

Verified ratings from real users on G2 and TrustRadius

Try Covercy Risk-Free for 14 Days

See the difference for yourself. No long-term commitment required.

Full access to all features
Dedicated Account Manager from day one
Cancel anytime during trial
Card required, but no charges until after trial
Start Your Free Trial

No credit card charges for 14 days

Frequently Asked Questions

Everything you need to know about switching from Agora to Covercy

Switch to Transparent, Powerful Investment Management

Join leading GPs who've made the switch from Agora

Why Switch to Covercy?

54% lower cost than Agora
25x higher payment limits ($5M vs $200K)
Transparent waterfalls with Excel downloads
4 payment methods vs Agora's 1
Dedicated Account Manager included
14-day free trial available

Book Your Demo

See how Covercy can transform your investment management with transparent waterfalls, flexible payments, and dedicated support.

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