About Codat
Codat is a Financial Services company based in London (United Kingdom) founded in 2017 by Alexander Cardona, David Hoare, and Peter Lord. Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses. It operates in the Financial Services and Technology sectors. Codat has raised $172.46 million across 10 funding rounds from investors including Shopify, Stripe and Brex. Codat was last valued at $825 million in June 2022. Its chief executive, as recorded, is Peter Lord. Its website codat.io draws about 44 thousand monthly visits. Codat offers products and services including Data Sharing Platform, AI Insights Tool, and Accounting Automation. Its focus areas include FinTech, Finance & Accounting Tech, Financial Planning & Analysis and Accounting Data Aggregation. Its legal entity is CODAT LIMITED. Its competitors include Banked and Bud; 2 of its 2 listed competitors have raised funding.
Company details
Codat was established in 2017 in London, United Kingdom, within the financial technology sector. Cloud-based tools for financial analysis and forecasting are provided to small and medium businesses. A unified API platform is utilized to enable integrations with accounting, banking, and e-commerce systems. Support is extended to both cloud and on-premise accounting software versions. Services are delivered to clients including banks, insurers, business leaders, and software providers.
- Headquarters London, United Kingdom
- Founders Alexander Cardona, David Hoare, Peter Lord
- Stage Soonicorn
- SectorsFinancial ServicesTechnology
- Website category Finance · Accounting and Auditing
- Email••••••••
- Website codat.io
- Social LinkedIn X YouTube
- Legal Name Codat Limited
- Date of Incorporation 15 Nov, 2016
- Jurisdiction LONDON, ENGLAND
- Total Equity Funding$172.46M (USD)
in 10 rounds
- Latest Funding Round$100M (USD), Series C
Jun 2022
- InvestorsShopify
& 11 more
Products & Services of Codat
Codat offers a comprehensive portfolio of products and services, including Data Sharing Platform, AI Insights Tool, and Accounting Automation.
Enables seamless sharing of business data for financial insights.
Provides actionable spend insights to deepen business relationships.
Automates financial processes for banks and fintech clients.
Apps and channels of Codat
its YouTube channel Codat has 65 subscribers and 30 videos.
Videos from Codat
The most watched videos on Codat's YouTube channel, Codat (65 subscribers). Click a video to play it here.
More on Codat.
Funding Insights of Codat
Codat has successfully raised a total of $172.46M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $100 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $172.46M
- Total Rounds 10
- Last Round Series C — $100M
- First Round $517,858
(Feb 2017)
- Investors Count 12
All 10 funding rounds of Codat with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $100M | Series C | $825M | J P Morgan | |
| Oct 2021 | $6.9M | Grant | – | – | |
| Jun 2021 | $60.49M | Series B | $351.17M | Tiger Global Management | |
| Mar 2021 | Series A | – | American Express, PayPal Ventures | – | |
| Aug 2020 | $3.27M | Grant | – | – | |
| May 2020 | $9.75M | Series A | $••••• | Index Ventures | – |
| Jun 2019 | $6.34M | Grant | – | – | |
| Jan 2019 | $1.03M | Seed | $••••• | – | – |
| May 2018 | $679,200 | Seed | $••••• | – | – |
| Feb 2017 | $517,858 | Seed | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $825M | •••••••• |
| Jun 2021 | $351.17M | •••••••• |
| May 2020 | $••••• | •••••••• |
| Jan 2019 | $••••• | •••••••• |
| May 2018 | $••••• | •••••••• |
| Feb 2017 | $••••• | •••••••• |
Full valuation and stage history of Codat
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $825M (Jun 2022). 12 investors in total: 12 institutional.
Investors in Codat
Codat has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Shopify, Stripe and Brex.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investing in B2B software and fintech for the financial services economy. | canapi.com | |||
Venture capital investments in technology startups and entrepreneurs. | indexventures.com | |||
Venture capital fund investing in early-stage tech startups | paypal.vc | San Jose, United States | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Comprehensive financial services are provided to corporations and individuals. | 1799 | jpmorgan.com | New York, United States | |
E-commerce storefront solutions are provided for online businesses. | 2006 | shopify.com | Ottawa, Canada | |
Open banking aggregation APIs are provided for individuals and businesses. | 2012 | plaid.com | San Francisco, United States | |
| bcr-ltd.com | ||||
Payment processing and card issuance solutions are provided for businesses. | 2009 | stripe.com | San Francisco, United States | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | brex.com | Draper, United States |
Investor details for Codat
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Codat
41 people are tracked at Codat (11 in leadership, 8 in board & advisors, 22 in team).
| Name | Role | Group |
|---|---|---|
Alexander Cardona | Co-Founder | Leadership |
David Hoare | Co-Founder | Leadership |
Peter Lord | Co-Founder & CEO | Leadership |
Yasamin Karimi | Head of Product | Leadership |
Piers Marais | Chief Customer Officer & General Manager | Leadership |
Ruth Callaghan | People Partner | Leadership |
Joey Rault | Chief Revenue Officer (cro) | Leadership |
Rebecca McKenzie | Chief Legal And Business Officer | Leadership |
Nicole Uber | Global Head Of Solutions Engineering | Leadership |
Grace Mole | People Director | Leadership |
Cole Baldwin | Head Of Sales & Account Management | Leadership |
Damian Brychcy | Advisor | Board & advisors |
Katrin Herrling | Advisor | Board & advisors |
Antoine Azar | Advisor | Board & advisors |
Jesse Schwarz | Advisor | Board & advisors |
Christine Knorr | Advisor | Board & advisors |
Ed Hallett | Advisor | Board & advisors |
Tom Stoddart | Advisor | Board & advisors |
James Coleman | Advisor | Board & advisors |
Hawi Abbajobir | Product Lead | Team |
21 more people are available in the full profile.
Complete people profiles for Codat
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Codat
5 dated milestones of Codat across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Codat is founded.
- Funding First funding round of $518K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $100.0M.
- Milestone Reaches Soonicorn status.
Competitors of Codat
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| banked.com | 2018 | London, United Kingdom | $39.85M | 25 | Open banking APIs for payments and data access are provided. | |
| thisisbud.com | 2015 | London, United Kingdom | $102.54M | 86 | Bud Financial is focused on transforming transaction data into actionable insights for financial institutions. |
Detailed competitors of Codat
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Codat
The website of Codat (codat.io) receives about 44.5K visits a month and ranks #1,001,491 among all websites worldwide, #2,474 in Accounting and Auditing.
- Monthly visits44.5K
▲ 42.3% vs previous month
- Unique visitors14.3K
per month
- Global rank#1,001,491
among all websites
- Category rank#2,474
Finance · Accounting and Auditing
- Bounce rate44%
- Pages per visit1.6
- Average visit25 sec
- DevicesDesktop 31% · Mobile 69%
Websites whose visitors overlap most with Codat. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
accountingweb.co.uk | accountingweb.co.uk | 100% | #155,024 | – | |
| limoanywhere.com | 72% | 24.3K | #1,228,075 | View details | |
| alpha-sense.com | 60% | 760.8K | #63,049 | View details | |
| investec.com | 60% | 1.1M | #44,202 | View details |
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Codat (Banking & FinTech Platforms) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | 3,462 | ||
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Codat
Complete news archive for Codat
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Codat
Codat was founded in 2017.
Codat is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Peter Lord is the CEO of Codat, as recorded in our data. They have also founded this company.
Codat is a funded company, having raised a total of $172.46M across 10 funding rounds to date. The company's 1st funding round was a Seed of $517.86K, raised on Feb 2017.
Codat was established in 2017 in London, United Kingdom, within the financial technology sector. Cloud-based tools for financial analysis and forecasting are provided to small and medium businesses. A unified API platform is utilized to enable integrations with accounting, banking, and e-commerce systems. Support is extended to both cloud and on-premise accounting software versions. Services are delivered to clients including banks, insurers, business leaders, and software providers.
Codat offers Data Sharing Platform, AI Insights Tool, and Accounting Automation.
Codat has 12 investors. Key investors include Shopify, Stripe, Brex, American Express, and Checkout.com.
The valuation of Codat is $825M as of Jun 2022.
Codat operates through Codat Limited.