Codat

Universal financial data connectivity for banks, fintechs, and insurance carriers

Insurtech Infrastructure Growth Series C+

Overview

Codat is a financial data API platform that enables banks, fintechs, and financial institutions to seamlessly connect to their business customers' financial systems. Founded in 2017 and headquartered in London, the company provides universal connectivity to 50+ accounting platforms, banking data sources, and commerce systems through a single API.

The platform powers critical financial workflows including business lending automation, spend management, and insurance underwriting for SMBs. Codat standardizes data from diverse sources -- Xero, QuickBooks, NetSuite, Sage, Oracle, and others -- into a consistent format that financial institutions can act on programmatically.

With 300+ enterprise clients globally and over 250,000 businesses connected through the platform, Codat has established itself as infrastructure-layer connectivity for the financial services industry. Strategic investors include JP Morgan Chase, Stripe, and PayPal Ventures, reflecting strong institutional confidence in the platform.

Products & Services

Business Lending

Automates data collection and enables confident credit decisions for lenders and insurance carriers writing commercial policies. Provides standardized financial data from diverse accounting and banking sources to support automated underwriting workflows.

Key Features

Automated financial data ingestion from 50+ platforms
Standardized data output for consistent decisioning
Real-time and batch data synchronization
Integration with carrier and lender underwriting systems

Target Users: Commercial carriers, MGAs, lenders underwriting SMB policies and loans

Spend Insights

Enables issuing banks and financial institutions to grow commercial card volumes through deeper visibility into business customer financial data. Connects card spend data with accounting systems for real-time reconciliation.

Key Features

Commercial card spend analytics
Accounting platform synchronization
Automated expense reconciliation
Card program growth analytics

Target Users: Banks and financial institutions with commercial card programs

Accounting Automation

Automates financial process workflows for financial institutions, increasing payment volumes and reducing manual processing overhead. Provides two-way data synchronization between financial institution systems and client accounting platforms.

Key Features

Bidirectional data synchronization
Support for 50+ accounting platforms
Automated payment reconciliation
Workflow automation integrations

Target Users: Banks, fintechs, financial institutions processing business payments

Core Integrations

Universal connectivity layer to 50+ accounting platforms and financial data sources. Provides a single normalized API regardless of the underlying source system, enabling financial institutions to build once and connect to all major platforms.

Key Features

50+ pre-built accounting platform integrations (Xero, QuickBooks, NetSuite, Sage, FreshBooks, Oracle)
Banking data connectivity
Commerce platform integrations
Normalized data schema across all sources

Target Users: Development teams at banks, fintechs, and carriers building data-driven financial workflows