What is Codat?
Founded in 2017, Codat operates as a critical API-first platform that bridges the gap between the fragmented software tools used by small businesses and the financial institutions that serve them. By handling the complex technical requirements of data integration, Codat allows service providers to focus on product innovation rather than infrastructure maintenance. The company's market position is defined by its ability to standardize data across accounting, banking, and commerce platforms, effectively creating a unified data layer that powers the next generation of SMB financial services.
How much funding has Codat raised?
Codat has raised a total of $153.3M across 4 funding rounds:
Series A
$10M
Grant
$3.3M
Series B
$40M
Series C
$100M
Series A (2020): $10M with participation from Index Ventures LLP
Grant (2020): $3.3M led by Banking Competition Remedies
Series B (2021): $40M supported by Tiger Global
Series C (2022): $100M featuring Index Ventures, PayPal Ventures, JPMorgan Chase, Canapi Ventures, and Shopify
Key Investors in Codat
Index Ventures
A venture firm investing in the next generation of entrepreneurs from seed to IPO, partnering with founders who challenge the status quo to build enduring companies.
JPMorgan Chase
A leading global financial services firm providing comprehensive services in investment banking, commercial banking, and transaction processing for businesses worldwide.
Shopify
A global commerce technology company providing the essential tools and services needed for entrepreneurs and businesses to manage and grow their retail operations.
What's next for Codat?
With this major enterprise-level funding, Codat is well-positioned to accelerate its global expansion and deepen its product capabilities. The strategic backing from major financial players suggests a roadmap focused on scaling its API infrastructure to support more complex, cross-border financial workflows. As the demand for real-time, accurate SMB data grows, Codat is expected to leverage this capital to enhance its security protocols and expand its reach into new international markets, further cementing its status as an essential utility in the global fintech landscape.
See full Codat company page
