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Codat

Universal API for small business data

Codat logo
101-200 employees
  • Fintech
  • B2B
  • API
  • Data Analysis
Farringdon, London, UK

Company mission

To make life easier for small businesses by enabling their systems and services to work together seamlessly.

Rocket List 2021
Top investors

32% female employees

96% employee growth in 12 months

Our take

Codat specialises in providing API software tailored for small business data. They provide the connectivity that enables software providers and financial institutions to easily build integrated products for their small business customers. Its products connect banks and fintechs to all the major accounting, banking, eCommerce and payments platforms small businesses use, enabling them to build features that save small businesses time and get them faster access to capital.

Building upon the momentum of the Open Banking movement, Codat combines the small business data network into a single API by integrating with accounting, commerce & POS, open banking, and payroll platforms. Codat's clients license the API and build it into their products, allowing them to ‘plug in’ to their customer's data and provide faster, frictionless and more risk-averse products and experiences.

Codat serves a variety of clients, including traditional banks using the API to streamline lending processes, enabling faster funding for businesses, and established FinTechs and Payments platforms using Codat to integrate data seamlessly into accounting packages, saving small businesses time on administrative tasks. Codat also serves fast-growing startups such as ESG platforms that use data to calculate and offset a business's carbon emissions.

Codat is one of the fastest-growing companies in the UK right now, having raised 6 rounds of funding over 4 years. The company has landed on and remedies a problem that many businesses come up against.

Steph headshot

Steph

Company Specialist at Welcome to the Jungle

Benefits

  • Genuine flexibility in how and where you work - because you're an adult, and it's what you do that matters, not what hours you work
  • We extensively externally benchmark our compensation, across all teams, and never pay below the 50th percentile
  • No dress code at all - just wear whatever makes you the most comfortable
  • An equity incentive plan - so that our success is your success
  • 25 days holiday (plus bank holidays)
  • Generous enhanced parental leave
  • Access to the UK's leading cycle to work scheme
  • Company contributions towards eye examinations and glasses
  • Immediate enrolment to our Pension Plan (UK) or 401k (US) upon joining
  • Access to a wide range of Health Care plans through TriNet in the US with generous company coverage included
  • Modern, centrally located, and dog-friendly offices in London, New York, Sydney and (soon-to-be) San Francisco
  • Open to part-time team members

Company values

  • Useful - Delivering technology that solves real problems for real businesses
  • United - People in the best teams push and enable each other to excel
  • Unstoppable - Constant drive towards a single, clearly stated goal is the primary method of building great things

Funding (last 2 of 6 rounds)

Jun 2022

$100m

SERIES C

Jul 2021

$40m

SERIES B

Total funding: $169.6m

This company has top investors

Leadership

After graduating with a degree in Computer Science, they joined Credit Suisse as a Software Engineer but quickly became frustrated with the speed of development. Wanting experience working in a start-up, they joined MarketInvoice and gained experience that would later spark the idea for Codat.

Upon graduating from university where they studied Computer Science, they joined MarketInvoice as a Software Engineer. There they built the platform infrastructure and integration with Barclays that moves several billion pounds per year.

They graduated with a degree in Classics. At MarketInvoice they built the investor product from scratch, taking it to a portfolio of £35m with £0 marketing spend. Before co-founding Codat, they were part of both the strategy and institutional investor teams at RateSetter.

People progressing

Joined as Software Engineer, being promoted to Engineering Lead after 1 year.

Joined as a Solutions Engineer, being promoted to Solutions Lead after 6 months and is now Head of Client Solutions.

Diversity, Equity & Inclusion at Codat

Endorsements

All

My opinions are valued (3)

Growing fast (3)

Intelligent people (2)

Challenging work (1)

Meaningful work (1)

Hard working team (1)

Great work is recognised (1)

Innovative product (1)

Clear values (1)

Fair compensation (1)

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