Codat
Universal API for small business data
- 101-200 employees
- Fintech
- B2B
- API
- Data Analysis
- Farringdon, London, UK
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Company mission
To make life easier for small businesses by enabling their systems and services to work together seamlessly.
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
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
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
Peter Lord
(CEO)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.
David Hoare
(CTO)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.
Alex Cardona
(COO)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.