When was Koverly founded?

Koverly was founded in 2020 and raised its 1st funding round 3 years after it was founded.

Where is Koverly located?

Koverly is headquartered in Concord, United States.

Who is the current CEO of Koverly?

Igor Ostrovsky of Koverly. They have also founded 1 company.

How many employees does Koverly have?

As of Aug 31, 2026, the latest employee count at Koverly is 20.

Is Koverly a funded company?

Koverly is a funded company, having raised a total of $26.6M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 22, 2023.

When was the latest funding round of Koverly?

Koverly's latest funding was a $***** Series A round on Jun 27, 2025, with participation from 0 investor. Its primary sector is Payments. In United States, the Payments sector has seen $5.69B in funding in 2026 to date.

Where does Koverly rank among its competitors?

Koverly ranks 65th amongst 513 active competitors, of which 87 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Rillet, which secured $100M in Aug, 2026.

Who are the top competitors of Koverly?

Koverly's top competitors include Ramp, Intuit and Sage. Among them, Rillet secured the most recent funding round in August, 2026.

Koverly - 2026 Company Profile, Team, Funding & Competitors

Koverly is a series A company based in Concord (United States), founded in 2020 by Michail Medvinsky and Igor Ostrovsky. It operates as an Accounting and payments management platform. Koverly has raised $26.6M in funding from investors like Accomplice, One Way Ventures and VINYL. The company has 513 active competitors, including 87 funded and 49 that have exited. Its top competitors include companies like Ramp, Intuit and Sage.

Company Details

Accounting and payments management platform. It offers products like Bill pay for billing management, Global payments for payments management, Accounting for accounting management, payment acceptance platform, wallets, and credit management platform, and more.

Key Metrics

Founded Year

2020

Location

Concord, United States

Stage

Series A

Total Funding

$26.6M in 2 rounds

Latest Funding Round

Series A, Jun 27, 2025, $*****

Investors

Accomplice & 3 more

Ranked

65^th among 513 active competitors

Employee Count

20 as on Aug 31, 2026

Similar Companies

Intuit & 3236 more

View Koverly's full profile

Koverly is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
POWELL EXPRESS INC. CIN: 4579522 , United States, Active	May 19, 2014	-	-	-

Koverly has raised a total funding of $26.6M over 2 rounds. Its first funding round was on Aug 22, 2023. Koverly has 4 institutional investors.

Here is the list of recent funding rounds of Koverly:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 27, 2025	6097087	Series A	5515735	3431330	8977963	7698875
Aug 22, 2023	4698359	Seed	4581572	5219709	Accomplice & 2 more	8684339

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View details of Koverly's funding rounds and investors

The founders of Koverly are Michail Medvinsky and Igor Ostrovsky. Igor Ostrovsky is the CEO of Koverly.

Here are the details of Koverly's key team members:

Michail Medvinsky: Founder & CTO of Koverly.
Igor Ostrovsky: Founder & CEO of Koverly and founder of 1 other company.

View details of Koverly's Founder profiles and Board Members

Koverly's employee count trend

Koverly has 20 employees as of Aug 26. Here is Koverly's employee count trend over the years:

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Top competitors of Koverly include Ramp, Intuit and Sage. Here is the list of Top 10 competitors of Koverly, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ramp 2019, New York City (United States), Series F	Provider of a platform for spend management, corporate cards, and payables	$3.22B	Founders Fund, Coatue & 73 others	84/100
2nd	Intuit 1983, Mountain View (United States), Public	Provider of financial, accounting, tax preparation, and marketing automation software	-	Alcor Fund, TriplePoint Capital & 25 others	83/100
3rd	Sage 1981, Newcastle Upon Tyne (United Kingdom), Public	Provider of cloud-based enterprise software solutions for accounting, finance, and people management	-	Itz Cash Card, Stb & 47 others	78/100
4th	Deltek 1983, Herndon (United States), Acquired	Cloud based enterprise resource planning software provider for multi industries	$107M	Prospect Capital, New Mountain Capital & 3 others	77/100
5th	Xero 2006, Wellington (New Zealand), Public	Provider of accounting software and related tools for business management	-	Hurlingham Partners, ELM Responsible Investments ... & 9 others	75/100
6th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, Durable Capital Partners & 24 others	73/100
7th	Found 2019, San Francisco (United States), Series B	Accounting and bookkeeping management solutions for small businesses	$119M	Founders Fund, Sequoia Capital & 5 others	67/100
8th	Rillet 2021, New York City (United States), Series C	AI-native ERP designed to automate accounting	$208M	First Round Capital, Creandum & 18 others	65/100
9th	ONE UP 2010, San Francisco (United States), Seed	Accounting software suite for businesses	$2M	Altos Ventures Management, XAnge & 1 others	65/100
10th	Digits 1995, San Francisco (United States), Acquired	SMS based customer authentication and verification service	$97.5M	Benchmark, SoftBank Vision Fund & 23 others	64/100
65th	Koverly 2020, Concord (United States), Series A	Accounting and payments management platform	$26.6M	Accomplice, One Way Ventures & 2 others	40/100