About Codat
Codat is a company based in London (United Kingdom) founded in 2017 by Alexander Cardona, David Hoare, and Peter Lord.. Codat has raised $172.46 million across 10 funding rounds from investors including Shopify, Stripe and Brex. Codat offers products and services including Data Sharing Platform, AI Insights Tool, and Accounting Automation. Codat operates in a competitive market with competitors including Banked, Yodlee, Bud, Method and Rutter, among others.
- Headquarter London, United Kingdom
- Founders Alexander Cardona, David Hoare, Peter Lord
- Stage Soonicorn
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Sectors
Financial ServicesTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Codat Limited
- Date of Incorporation 15 Nov, 2016
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$172.46 M (USD)
in 10 rounds
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Latest Funding Round
$100 M (USD), Series C
Jun 08, 2022
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Investors
Shopify
& 11 more
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Employee Count
Employee Count
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Products & Services of Codat
Codat offers a comprehensive portfolio of products and services, including Data Sharing Platform, AI Insights Tool, and Accounting Automation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 10
- Last Round Series C — $100.0M
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First Round
First Round
(24 Feb 2017)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series C - Codat | Valuation | J P Morgan | |
| Oct, 2021 | Amount | Grant - Codat | Valuation |
investors |
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| Jun, 2021 | Amount | Series B - Codat | Valuation | Tiger Global Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investing in B2B software and fintech for the financial services economy.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Codat
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Codat
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Codat Comparisons
Competitors of Codat
Codat operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Banked, Yodlee, Bud, Method and Rutter, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Open banking APIs for payments and data access are provided.
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| domain | founded_year | HQ Location |
Cloud-based data aggregation and analytics for financial institutions are offered.
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| domain | founded_year | HQ Location |
Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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| domain | founded_year | HQ Location |
API-enabled debt repayment tools are provided for financial services.
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| domain | founded_year | HQ Location |
Finance and accounting management is facilitated via an API platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Codat
Frequently Asked Questions about Codat
When was Codat founded?
Codat was founded in 2017.
Where is Codat located?
Codat is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Codat?
Peter Lord is the current CEO of Codat. They have also founded this company.
Is Codat a funded 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 Series B of $60.49M, raised on Feb 24, 2017.
What does Codat do?
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.
What products or services does Codat offer?
Codat offers Data Sharing Platform, AI Insights Tool, and Accounting Automation.
Who are Codat's investors?
Codat has 12 investors. Key investors include Shopify, Stripe, Brex, American Express, and Checkout.com.
What is Codat's valuation?
The valuation of Codat is $825M as of Jun 2022.
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