Discover The Best Startups in London
Get the best startup news from London:
Codat
Codat is a trailblazing company dedicated to facilitating the financial operations and lending processes for small businesses. Often referred to as the universal API for small business data, Codat offers a wide range of innovative features that connect with a variety of systems used by small businesses, all via a singular integration. Among their core offerings are tools for automating accounting for small businesses and technologies that enhance efficiency in lending to these businesses. Additionally, Codat's products also assist in financial health evaluations, payment data transactions and seamless accounting integration for payable and expense management.
Codat's expertise covers a variety of sectors, such as banking, digital lending, and spend management, and extends its services to payment providers, designed to save merchants time while also growing lending products. The company’s primary ambition is to reduce risk, increase efficiency, and enable business growth of their clients by providing them with solutions regarding data ingestion and service efficiency. The company's unique product offerings include its Lending API for smarter lending, the Sync for Payables for seamless accounting integrations, and Bank Feeds API for direct transmission of transaction data to customer's accounting software among others. Furthermore, Codat boasts integrations with financial giants like Oracle NetSuite, Plaid, and Zettle by PayPal, assuring an extensive and impactful business data network.
The reason Codat stands out in the tech and financial industry is its deliberate effort to make its services flexible and user-friendly. By providing multiple client libraries and SDKs, the company allows businesses to create the best actionable solutions. Another major draw to Codat's platform is its security measures - the company is built on industry-recognized SOC2 TSP and ISO27001 standards and employs AES-256 advanced data encryption. Plus, its unique offerings are often up to 6x faster than developing in-house alternatives. Codat's proven track record with industry leaders proves its commitment to maximising operational efficiency and business growth. Notably, the company also offers expert guidance, connecting clients with the right people and advice to build the best products most efficiently. With all these attributes, Codat is a reliable partner for any small business seeking to streamline its financial processes and make data-driven decisions.