Codat

Codat is an API platform that connects financial institutions directly to their small and middle-market business customers' accounting systems. It provides standardized access to financial data from various accounting platforms, ERPs, and business systems, enabling banks and lenders to automate processes that traditionally required manual data entry or document uploads. The platform handles the complex connectivity and data normalization across different systems, giving financial institutions clean, consistent data they can use immediately.

The platform uses AI to generate actionable spend insights from the connected data, helping financial institutions deepen customer relationships through better understanding of business financial health. Codat specializes in specific financial use cases rather than offering generic data access, with products tailored for lending, payments, and banking operations. The company has established connectivity with over 250,000 businesses and serves more than 150 enterprise clients in the financial services industry.

Banks, lending companies, and payment processors benefit most from Codat by automating credit decisions, monitoring portfolio health in real-time, and streamlining customer onboarding. JP Morgan and Capital on Tap are among the clients using Codat to access critical financial data from their business customers without requiring manual data entry or complex integrations.