Codat is the universal API for small business data. It provides real-time connectivity to enable fintechs and financial institutions to build smarter, integrated products for their small business customers.
UK, US, Australia
Peter Lord, Alexander Cardona, David Hoare
Series A - USD 10 mln from Index Ventures
Series B - USD 40 mln from Tiger Global, American Express Ventures & PayPal Ventures
Series C - USD 100 mln from JP Morgan, Canapi Ventures, Shopify & Plaid
300
Innovate Finance
Open Finance Data Security Standard
The Payments Association
Forbes Tech Council
Fintech Australia
FData
CB Insights Fintech 250 2021, Finalist: The Finnies 2022: Excellence in Open Data, Finalist: Pay360 awards 2022 Best Demonstration of UK Companies exporting Financial Services
Codat’s solutions cover the needs of fintech companies and financial institutions with use cases including automatic reconciliation, business dashboarding, and loan decisioning. A couple of Codat’s core products are ‘Assess’, which is designed for SMB lenders to make faster and more accurate credit decisions and ‘Sync for commerce’, which enables embedded accounting integrations for POS and ecommerce platforms.
Codat makes consented data sharing between any system or provider an SMB uses, fast and simple. With one build it enables secure access to relevant SMB data alongside a range of features to make that data more useful including actionable insights, intelligent categorisation, and flexible configuration.
Lack of connectivity between systems is the biggest barrier to small business growth and productivity. Codat solves this problem by ensuring that data can flow freely between all of a business’ tools – drastically reducing time spent on financial admin and improving access to better financial services.
Codat’s universal API powers robust connections to the financial systems used by small businesses daily. We work with all business sizes, from nimble fintechs to global banks.
Fintechs and financial service providers including SaaS, payments providers, and SMB lenders.
Codat works with clients globally but focuses on the core markets of the US, Canada, UK, Australia & New Zealand.
Codat doesn’t connect to banks as part of its solution – it connects to over 30 Accounting, ERP, ecommerce, and payments platforms used by small businesses. Open Banking data is also available via Codat’s API via our partnerships with Plaid and Truelayer.
Codat covers over 80% of the small business platforms used in all of the main markets it operates in: the US, Canada, the UK, Australia, and New Zealand. See Codat’s guides to the accounting software market and the commerce platform landscape for more information.
200+
100,000+
Native cloud
C#
Azure, SQL, .NET
2017
Codat works with a wide range of technology partners across the globe including Microsoft, Visa, Moody’s Analytics, Temenos, Mulesoft, Backbase, and many more. See our partners for more information.
The amount Codat charges is based on the value that its clients get by being able to build integrations faster, spend less time maintaining them, and the intelligent features that make the data more useful.
Codat has been growing at a rate of 2x or 3x every year since it was founded. It is actively growing its footprint and team in the US and Australia as well as its key client segments of payments, SaaS, and financial service providers. \
See our product roadmap here.
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Zettle FreeAgent Experian Pipe