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Codat, which supports seamless sharing of business and financial data, has bagged $40m in funding, following it reaching a three-times annual growth rate and doubling its headcount.
API-based platform for business data, Codat received strategic investments from PayPal Ventures and American Express Ventures.
Financial software development company TrueNorth has collaborated with UK-based Codat with the aim to integrate its API solution for Codat’s FI clients, therefore giving them direct access to a software engineering implementation team.
London-based Codat has formed a strategic partnership with Visa as the payment giant is gearing up to launch the Visa Fintech Partner Connect programme in Europe.
While Robinhood's massive Series G round may have secured the most headlines last week, InsurTech and PropTech ventures bagged the most capital injections.
Codat, which helps connect internal systems of small businesses to banks and FinTechs, has secured a £2.5m investment, coming just a couple of months after its previous fundriase.
From InsurTech startups to cybersecurity ventures, the past week has seen several FinTech firms find funding to help them grow despite the global pandemic.
London-based Codat has raised $10m in new funding from Robinhood backer Index Ventures, an investment that it says could benefit banks busy bashing out...