About Codat

Codat provides a financial platform that enables seamless integration of data from over 35 accounting, banking, and commerce systems through a standardized API, facilitating real-time data access and updates. This technology allows financial institutions and fintechs to automate data collection, enhance risk assessment, and synchronize accounting processes, improving operational efficiency for small businesses.

```xml <problem> Financial institutions and fintech companies face challenges in accessing and integrating financial data from small businesses due to the fragmented landscape of accounting, banking, and commerce platforms. This complexity hinders the ability to automate data collection, accurately assess risk, and efficiently synchronize accounting processes. </problem> <solution> Codat provides a unified API that simplifies the integration of financial data from over 35 accounting, banking, and commerce systems. This platform enables financial institutions and fintechs to access real-time data and updates from small businesses, streamlining data collection and enhancing risk assessment. By standardizing data formats and automating connectivity, Codat reduces the complexity of building and maintaining integrations, allowing businesses to focus on delivering valuable products and services to their customers. The platform supports various use cases, including business lending, accounting automation, and supplier enablement, facilitating deeper connections between financial institutions and their business clients. </solution> <features> - Standardized API for accessing data from multiple accounting, banking, and commerce platforms - Real-time data access and updates for informed decision-making - Automated data collection processes to improve efficiency - Secure data sharing capabilities for enhanced collaboration - Client libraries and SDKs for flexible integration options - Easy-to-build authorization flow for secure data sharing - SOC2 TSP and ISO27001 compliance with AES-256 data encryption for robust security - Domain expertise in accounting and connectivity </features> <target_audience> Codat primarily serves financial institutions and fintech companies that require seamless access to financial data from small businesses for lending, accounting automation, and supplier enablement purposes. </target_audience> ```

What does Codat do?

Where is Codat located?

Codat is based in London, United Kingdom.

When was Codat founded?

Codat was founded in 2017.

How much funding has Codat raised?

Codat has raised 163650000.

Location

London, United Kingdom

Founded

2017

Funding

163650000

Employees

144 employees

Major Investors

J.P. Morgan Growth Equity Partners

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Codat

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Executive Summary

codat.io 10K+

Crunchbase

Founded 2017 – London, United Kingdom

Funding

Estimated Funding

$100M+

Major Investors

J.P. Morgan Growth Equity Partners

Team (100+)

No team information available.

Company Description

Problem

Financial institutions and fintech companies face challenges in accessing and integrating financial data from small businesses due to the fragmented landscape of accounting, banking, and commerce platforms. This complexity hinders the ability to automate data collection, accurately assess risk, and efficiently synchronize accounting processes.

Solution

Codat provides a unified API that simplifies the integration of financial data from over 35 accounting, banking, and commerce systems. This platform enables financial institutions and fintechs to access real-time data and updates from small businesses, streamlining data collection and enhancing risk assessment. By standardizing data formats and automating connectivity, Codat reduces the complexity of building and maintaining integrations, allowing businesses to focus on delivering valuable products and services to their customers. The platform supports various use cases, including business lending, accounting automation, and supplier enablement, facilitating deeper connections between financial institutions and their business clients.

Features

Standardized API for accessing data from multiple accounting, banking, and commerce platforms

Real-time data access and updates for informed decision-making

Automated data collection processes to improve efficiency

Secure data sharing capabilities for enhanced collaboration

Client libraries and SDKs for flexible integration options

Easy-to-build authorization flow for secure data sharing

SOC2 TSP and ISO27001 compliance with AES-256 data encryption for robust security

Domain expertise in accounting and connectivity

Target Audience

Codat primarily serves financial institutions and fintech companies that require seamless access to financial data from small businesses for lending, accounting automation, and supplier enablement purposes.