Built for regulated teams — and clear about where the line is.
CoverFi is a records desk: facts about businesses, contact details for people you already deal with, and descriptive context about places. Here is how finance teams put it to work — and what it must never be used for.
Six teams, one records desk.
- Banks & credit unions — Confirm a business before the account opens, then watch it for filed changes.
- Commercial lending & fintech — Verify the borrowing entity and its signer. The credit decision stays with credit data.
- Collections & recovery — Refresh contact details on accounts you hold and call inside lawful hours.
- Commercial insurance — Check registration, licences and authority behind a commercial submission.
- Payments & marketplaces — Onboard real merchants and send doubtful sign-ups to a reviewer.
- B2B sales & marketing — Reach new businesses the week they file, with the officers attached.
We tell you what is on file. We never tell you who qualifies.
Use CoverFi for
- Verifying that a business is registered, active and who runs it
- Monitoring businesses you serve, fund or insure for filed changes
- Locating and confirming people you already have a relationship with
- Checking federal and state calling windows before outreach
- Prospecting businesses from public filings
- Descriptive context about a ZIP — never about a person
Use a consumer report instead
- Deciding who gets credit, or on what terms
- Underwriting or rating insurance for an individual
- Hiring, promoting or vetting workers
- Renting, leasing or other housing decisions
- Opening or closing a consumer’s account
- Any other decision about an individual’s eligibility
- Businesses first — Most of what finance teams do here is about a company: its registration, officers, licences and filings. Records about a business entity are not consumer reports.
- Confirm and contact, never decide — For people, CoverFi answers two questions: is this the person I think it is, and how do I reach them. It returns no score and no recommendation.
- A dated record for your file — Every fact carries the date it was filed or last seen, and snapshots are stamped with the day you checked — so you can show what you relied on.
Straight answers before you sign up.
Is CoverFi a consumer reporting agency?
No. CoverFi is not a consumer reporting agency and its results are not consumer reports. They may not be used to decide eligibility for credit, employment, insurance, housing or any other FCRA-regulated purpose.
Can we use it in business underwriting?
For facts about the entity — registration, status, officers, licences, filings — yes. For anything about an individual, including an owner or guarantor, use a consumer report with a permissible purpose.
What about sole proprietors?
When the business is a person, treat the applicant as a person. Confirming a trade licence or a registration is fine; evaluating the individual is not.
What does “match” actually mean?
Only that the details you submitted are consistent with records on file. It is not government-ID verification and not a verdict. Send “no match” and “needs review” to a person, not to an automatic rejection.
Do we get an audit trail?
Snapshots are dated, facts carry their filing dates, and API usage is logged per key. Keep the snapshot with your own file.
Does CoverFi replace our compliance program?
No. It supplies records. Your obligations under the FCRA, GLBA, FDCPA, TCPA, ECOA and state law remain yours — ask your counsel how a use fits before you rely on it.
Start with a record, not a risk.
Free account. No credit card. Business lookups open the moment you sign in.