Making your data work for you
It takes a lot of different systems to run a business. This creates a lot of admin and time spent copying information from one place to another.
This is changing. Integrations enable smart, secure data sharing between different systems. Behind the scenes, Codat powers many of these integrations.
Our clients include many of the world’s largest financial institutions and software companies. Over 100,000 of their small business customers have connected their data to these providers through Codat-powered integrations.
We’re here to keep you in control
You own your data
Your data belongs to you. You can share data with your providers via Codat, and we never share it with anyone else.
We never sell data.
You decide what it is used for
You can choose when and with whom to share your data. Your data are processed according to our agreement with your provider, strict internal policies, and the law.
Your security is protected
You never share your password. Your data are encrypted in transit and at rest.
What is Codat?
Codat provides APIs for lending and accounting automation. An API is a type of software program that lets two other software programs talk to each other.
Our API is for connecting software products that small businesses use. These include accounting platforms like QuickBooks Online and Xero; ERPs like Oracle NetSuite and Sage Intacct; Point-of-Sale systems like Zettle, Square, and Clover POS; eCommerce platforms like Shopify and Amazon Seller Central; and payments providers like Stripe and PayPal.
Who uses Codat?
Codat clients include financial institutions, payments providers, business lenders, software companies and more. They range from some of the world’s largest banks to the newest and most innovative start-ups.
Our clients can only use Codat to access the data of their customers and only when their customers authorize this sharing. We never share data across different Codat clients.
Why does Codat exist?
Codat was founded to make life easier for small businesses by enabling their systems and services to work together seamlessly.
Companies who provide software and services to small businesses can use Codat to give these customers easy ways to connect their data. They use Codat because building these connections from scratch is time-consuming and complicated.
Can you give me an example?
Codat can be used in a few ways. Here are some examples:
Dashboards for small businesses
Virgin Money uses Codat behind the scenes of the M-Track Dashboard. The M-Track Dashboard is a free insights and forecasting platform that helps small businesses power up their business data and manage it in one place. Small businesses connect their data to the M-Track dashboard via Codat.
PayPal’s Zettle, a card reader and point-of-sale solution for merchants, uses Codat to provide integrations with QuickBooks and Xero. Rather than spend hours every week manually copying sales data into accounting, Zettle merchants can connect their systems so their data stays in sync automatically.
Who is behind Codat?
Codat is a UK-registered company employing more than 300 people across the UK, the US and Australia. We are backed by investment from some of the leading companies who serve small businesses and start-ups today, including: Shopify, JP Morgan Chase, PayPal, American Express, and Plaid. You can read more about our team and our company here.
Where does Codat sit in a data protection framework?
Codat is a network for connecting data. If the data that a user connects contains personal data, then Codat will be seen as the “processor” and the financial institution or software provider will be the “controller”, in accordance with applicable data protection law.
Why is my financial services or software provider using Codat?
Small businesses need their financial service and software providers to enable integrations to their other systems, but integrations can be difficult to build and maintain.
Building and maintaining integrations is simpler with Codat. This is because we map all the underlying connections to a common standard. Rather than having to plug lots of differently-shaped plugs into lots of differently-shaped sockets, Codat provides a standard way for small business data to be shared and moved between different systems.
How does Codat make money?
Codat is a software product that our clients pay for like any other software. These clients are the companies who provide software and services to small businesses. Small businesses who share data via integrations built with our API never pay Codat and never need to sign a contract with Codat. We provide infrastructure for our clients and their customers to connect.
To reiterate, Codat never sells data. Data is only ever shared via Codat when a company gives another company their express and explicit permission to access a defined scope of data.
The authorisation Codat facilitates is a secure, token-based alternative to what are often paper or spreadsheet-based processes.
Where can I find out more information?
If you would like to find out more about how your financial services and software providers are using Codat, please contact them directly.