Fintech Codat secures USD 10 mln in founding round

Friday 12 June 2020 12:46 CET | News

UK-based fintech Codat has announced it raised USD 10 million in founding round led by Index Ventures.

The funding will be used to expand to the US and increase its headcount by the end of 2020, according to Silicon Republic.

Codat’s technology connects the internal systems of small businesses to financial organisations to enable the flow of data in real time. Its API can plug into the software used by small businesses, allowing banks, fintechs, or other financial institutions to access everything from the company’s accounting software to payment terminals and record transactions.

The startup’s solution aims to support existing processes and prevent small businesses from having to share financial information over email and through documents.

More: Link

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Keywords: Index Ventures, UK, fintech, Codat, US, technology, data, API, software, banks, payments
Categories: Banking & Fintech | Payments General
Countries: United Kingdom
This article is part of category

Banking & Fintech