BCR dishes out £12.5m in Pool F awards to Cashplus, Codat, and Swoop Finance

Altfi Codat press coverage

Banking Competition Remedies has now finished redistributing its returned cash.

Codat, which previously won £7.5m from the Pool D and E awards, additionally pledged to expand its financial APIs to include sales data for SMEs, which can improve lenders decisioning.

“For some of the smallest, newest businesses, emerging in the aftermath of the Covid crisis, sales data is both their most powerful asset to access finance and their biggest cause of bookkeeping headaches,” said Codat CEO Pete Lord.

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