🚀 Excited to share that Canapi is investing in Coverbase! Third-party risk is one of the toughest challenges banks face today; vendors are multiplying, regulations are ramping up, and legacy processes just can’t keep up. What used to be a periodic compliance task is now a daily imperative. Coverbase is changing the game. Their AI-powered platform speeds up vendor reviews from weeks to hours, automates routine work, and helps teams focus on real risk, not paperwork. Even better, founders Clarence Chio and Kao ZC are building a unified system for the entire vendor lifecycle: sourcing, contracts, payments, you name it. We’re thrilled to partner with them as they scale and help financial institutions bring on the right partners faster and smarter. 🔗 Read the full blog post here: https://lnkd.in/eTp99w3f
Including a link to Coverbase's press release: https://www.coverbase.com/content-library/coverbase-raises-20m-to-bring-ai-enabled-security-to-the-forefront-of-procurement
The founders Clarence Chio and Kao ZC are legends!