What is Validis?
Validis operates as a crucial open finance platform, directly integrating with major accounting software to extract and standardize financial data. This standardized data is then delivered through a purpose-built portal or via API. The platform is instrumental for banks and lenders, streamlining their data gathering and analysis processes to enhance decision-making, origination, and monitoring. Auditors also leverage Validis to achieve substantial time savings, reportedly reducing engagement time by over eight hours per client for small business audits.
How much funding has Validis raised?
Validis has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Validis?
With its large-scale, late-stage funding context, Validis is poised for significant scaling and market penetration. The recent strategic investment is likely to fuel product development, expand its integration capabilities with more accounting packages, and bolster its sales and marketing efforts to reach a wider array of financial institutions and auditing firms. The company's focus on data standardization and intelligent analysis positions it to capitalize on the growing demand for efficient financial data solutions in the banking and lending sectors.
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