UK-based financial API provider Codat has forayed into Australia and New Zealand and formed a partnership with challenger lender Judo Bank.
The tie-up with Codat will allow Judo Bank’s SME customers to digitally share access to financial statements in a few clicks, doing away with paperwork and e-mail.
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Codat’s flagship offering provides access to over 18 accounting platforms, banking, and commerce systems.
The fintech has appointed Matthew Tyrrell as APAC Commercial Director to lead the firm’s local operations.
Tyrrell brings over 15 years of industry experience and most recently founded management software start-up, CurrencyVue, which was acquired by Worldfirst (Ant Group).
Tyrrell said: “We know the average Aussie small business now uses more than 40 different applications. Codat is well-positioned to unlock value and utility from these applications.
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By GlobalData“Ultimately, connectivity to these systems has the greatest potential to reduce the administrative burden for small businesses and drive better access to financial services.”
Codat claims that its services are used by financial institutions, technology firms and specialized SME providers such as Zettle (by Paypal), Visa, Finstro, Virgin Money and Cloudfloat.
Judo Bank COO Lisa Frazier said: “Our purpose at Judo is to be Australia’s most trusted SME business bank and to serve small and medium businesses via relationship-led banking empowered by technology.
“The rich, real-time data that we’ll be able to access via Codat will support the quality conversations we have with business owners and CFOs, further strengthening these relationships and the proactive advice we give.”
