TurnKey Lender announces the beginning of a new partnership with Codat, a universal API that provides connectivity to the financial platforms used by small and mid-size businesses.
Due to the shared focus on data connectivity and real-time analytics, TurnKey Lender and Codat have started building a partnership to empower small businesses with their lending needs. The two companies will collaborate in building connected products for lenders and embedded finance organizations to ensure they can easily integrate their accounting, banking, eCommerce, PoS, and payment software with TurnKey Lender.
The new partnership will allow Codat’s customers to automate all parts of their business and consumer lending processes from the market-leading credit automation software provided by TurnKey Lender.
Through Codat’s API, TurnKey Lender clients can seamlessly integrate with the financial software their small business customers use. Codat enables the two-way flow of financial data, whether that’s a lender pulling information from a company’s cloud accounting package, or a payment terminal pushing real-time sales information into company accounts. Codat has over 100 clients globally, across different industries from financial institutions to software providers, and more.
About TurnKey Lender
TurnKey Lender is a global B2B SaaS company that offers AI-powered lending automation and decision management solutions and services in 50+ countries. From origination and underwriting to servicing, collection, and reporting the company’s software can automate the entire lending process just as well as its specific parts. TurnKey Lender supports numerous credit products out of the box – both commercial and consumer – on the same flexible SaaS platform. Designed with the latest design best practices, TurnKey Lender exceeds regulatory requirements for data security, going above industry standards with SOC2 Type I and SOC2 Type II compliance reports, the globally recognized PCI DSS and ISO 27001 certifications, and more. To learn more visit: turnkey-lender.com.
About Codat
Codat was founded in 2017 by a seasoned team of FinTech executives who were among the first to build in-house accounting integrations for lending purposes in the UK. Soon the idea of a single, standardized ‘universal accounting API’ became Codat. The company has raised over $50m in venture capital including rounds by Index Ventures, Tiger Global, and strategic investment from both Amex and PayPal. Codat has also received £12.5m in innovation grant funding from the Banking Competition Remedies (BCR) innovation fund. Codat is the only organization to receive the prestigious BCR grants 3 times – which reflects Codat’s unique capacity to reduce the cost of providing financial services to SMEs.
