Giving The Small Folks a Chance to Live Big
Since COVID, the US consumer is spending more by the day, but only to accumulate astronomical levels of credit card debt. Coverd is a gamified credit solution platform that extends user spending power without debt.
Coverd offers games of chance for users to risk as little as $0.01 against large cash rewards to pay for past and future spendings: from paying off credit card bills to funding a dream vacation.
Our services
Everyday
Get “Coverd” as you spend
Round up to win 100% cashback on daily transactions
TakeTwo
Have your past spendings “Coverd”
Play as little as $1 to have entire credit card bills paid for
Preroll
“Buy it for free”
Use spare change to win credit for future spendings of your choice
Team
Eric Xu
Eric Xu, a seasoned algorithm developer from Hudson River Trading, brings his elite expertise in quantitative finance and cutting-edge technology to Coverd. With a background in high-performance trading algorithms, he seamlessly blends innovation and precision, crafting a sophisticated and thrilling gaming experience.
Albert Wang
Energy commodity trading specialist from Morgan Stanley and experienced Texas Hold'em player with a strong background in international economics and data analytics. Known for his efficiency in execution and maverick approach to optimization, Albert brings new school thoughts and old-fashioned grit to Coverd.
Luca Xiong
Luca, a full-stack software engineer at Google, brings five years of industry-leading experience and a passion for fintech and emerging software technologies to Coverd. A Carnegie Mellon University graduate with a major in computer science, Luca is poised to drive innovation and deliver exceptional value to the startup's development, blending technical expertise with a forward-thinking approach.
FAQs
How does the platform work?
Users can pay for anything by participating in games of chance. Win and your purchase is covered.
What are my chances to win?
Your win probability is determined by the targeted prize and your play amount, where win probability = $ play / $ prize.
e.g. You want to pay for a $1000 purchase of Gucci. If you play $10, the probablity to win is 10/1000=1%. If you play $50, the probability is 50/1000=5%.
Is it safe to use?
What can I buy?
How do I start?
What if I lose the game?
You only lose your play amount if you lose the game. It's still affordable and fun.
Are there age restrictions?
How do I get Coverd Cash for free?
Coverd provides a free method of entry to earn Coverd Coins, allowing all users to participate without purchase. To earn 1 Coverd Coin, you must handwrite the following statement on a piece of paper: 'I agree to the policies of Coverd, Inc., including its Terms of Service and Privacy Policy, and hereby attest that I am submitting this entry willingly and in compliance with all applicable rules. I confirm that the information provided below is accurate to the best of my knowledge, and I acknowledge that I am responsible for ensuring this submission meets the stated requirements.' Along with this statement, include your full name, social security number, mailing address, and the phone number associated with your Coverd account. Once completed, mail your submission to Coverd HQ at 11 Park Pl, 3rd Floor, #436, New York, NY, 10007. Standard postage rates apply. Coverd processes mail-in entries at its own pace, and if you do not receive your Coverd Coin within 15 business days, you may contact our support team to inquire about your submission status. Mail-ins are limited to one per envelope.
Reach Out Today
Contact us using the form. We look forward to helping you with your personal finance needs.