Freedom251 › Fraud Detection Software
Covery
What Covery is
Covery is a cloud fraud and risk management platform for analysts handling payments, identity, and compliance. It scores activity at registration, login, transaction, refund, payout, transfer, and KYC/KYB events. Its products include Trustchain, IP screening, device fingerprinting and screening, KYC automation, and Ethoca chargeback prevention. Covery says supervised machine learning and customizable rules assess locations, devices, identities, and behavior. Trustchain keeps reputation records for 12 identifiers, including email, card ID, phone, IP, device fingerprint, IBAN, and SWIFT. KYC automation checks international PEP, sanctions, and other watchlists, with the service stating that decisions can arrive in under one second. APIs connect payment gateways, CRMs, and other services. Web and API access include custom rules and case management. There is no free plan; a trial is available and pricing is on request. Listed plans begin at €1,000 a month.
Who it suits
Covery suits risk analysts, payment managers, AML professionals, BI specialists, and data scientists. It fits organizations assessing transactions, accounts, devices, identities, chargebacks, and compliance events.
What it does well
- Scores risk across many funnel and payment events
- Combines machine learning with customizable rule scenarios
- Checks PEP, sanctions, and watchlists
- Offers API integrations with gateways and CRMs
- Provides custom rules and case management
What to know first
- No free plan
- Pricing is on request
- Extra Decision API calls can incur charges
- Cloud deployment only
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Startup | Monthly fee · 15,000 monthly Decision API calls | €1,000 a month |
| Small | Annual fee · 35,000 monthly Decision API calls | €16,800 a year |
| Small | Monthly fee · 35,000 monthly Decision API calls | €1,750 a month |
| Medium | Annual fee · 150,000 monthly Decision API calls | €21,600 a year |
| Medium | Monthly fee · 150,000 monthly Decision API calls | €2,250 a month |
| Startup | Annual fee · 15,000 monthly Decision API calls | €9,600 a year |
As covery.ai lists them, read 2 Oct 2026. The maker's own page has the final word.
Verdict
Covery brings fraud screening, identity checks, and risk decisioning into one cloud platform. Its broad event coverage and API integrations suit teams needing configurable controls across payments and compliance.
Facts from Covery's own pages
- Card data
- The CNP fraud page says its Card ID feature identifies previously seen cards without storing PAN numbers and refers to PCI DSS Level 1 storage. · covery.ai, 2 Oct 2026
- Decision speed
- The KYC page says the service can return a real-time decision in less than one second. · covery.ai, 2 Oct 2026
- Founded
- 2016 · covery.ai, 28 Sept 2026
- Fraud tools
- Its listed products include Trustchain, IP screening, device fingerprinting and screening, KYC automation, and Ethoca chargeback prevention. · covery.ai, 2 Oct 2026
- Free IP screening
- The IP screening page offers up to five IP reputation checks for free. · covery.ai, 2 Oct 2026
- Headquarters
- Limassol, Cyprus · covery.ai, 28 Sept 2026
- Integrations
- Covery says it can integrate with payment gateways, CRMs, and other third-party services through its API. · covery.ai, 2 Oct 2026
- KYC checks
- The KYC automation page says it checks users against international PEP, sanctions, and other watchlists, which it says are updated daily. · covery.ai, 2 Oct 2026
- Machine learning
- Covery says it uses supervised machine learning and customizable rule scenarios to analyze locations, devices, identities, and behavioral patterns. · covery.ai, 2 Oct 2026
- Pricing limit
- The pricing page says extra Decision API calls beyond the monthly plan limit are charged according to the plan and that Event API calls have no monthly limit. · covery.ai, 2 Oct 2026
- Purpose
- Covery describes itself as a fraud and risk management platform for risk analysts, payment managers, AML professionals, BI specialists, and data scientists. · covery.ai, 2 Oct 2026
- Risk analysis
- The platform scores risk across sales funnel events including registration, login, transactions, refunds, payouts, transfers, and KYC/KYB. · covery.ai, 2 Oct 2026
- Security
- Covery says its SaaS uses an ISO 27001-certified cloud service and that it has implemented GDPR controls under its Data Protection Expert. · covery.ai, 2 Oct 2026
- Support
- Covery's API documentation directs customers who need assistance to [email protected]. · covery.ai, 2 Oct 2026
- Trustchain
- Trustchain uses reputation records for 12 identifiers, including email, card ID, phone, IP, device fingerprint, IBAN, and SWIFT. · covery.ai, 2 Oct 2026
Where Covery stands on Freedom251
- Fraud Detection Software#5 of 33