Codat Secures $100M in Series C Funding, Empowering Businesses to Harness Financial Data Like Never Before

Codat is excited to announce a major milestone in our journey as we successfully raised $100,000,000 in our latest funding round. This significant capital infusion will bolster our mission to revolutionize how businesses access, synchronize, and interpret critical financial data from their customers’ software. Since our founding in 2017, we have been committed to creating innovative solutions that streamline complex processes such as supplier onboarding to commercial card programs and underwriting business loans. The depth of specialization and expertise embedded in our products and services not only helps our clients grow their share of wallet but also plays a crucial role in reducing churn and enabling operational scalability. Trusted by over 300 global clients, Codat is proud to serve a diverse range of industries with products that have been meticulously designed to deliver actionable insights and drive business growth. This new funding will be strategically allocated to enhancing our platform capabilities, accelerating product development, and expanding our global footprint. By investing in cutting-edge technologies and deepening our market reach, we aim to empower businesses with seamless digital experiences and more efficient financial operations. Our impressive roster of investors, including JP Morgan, Canapi Ventures, Shopify, Plaid, Tiger Global, PayPal Ventures, Index Ventures, and American Express Ventures, underscores the strong confidence and shared vision they have in our approach to transforming financial data integration. As we embark on this exciting new chapter, we are more committed than ever to helping our clients not only meet, but exceed their growth targets while confidently navigating the evolving landscape of business finance.