Underwrite with confidence, monitor without friction
Codat’s Lending API connects you directly to borrowers’ accounting, banking, and commerce platforms, giving you real-time access to verified financial data throughout the lending lifecycle with zero manual requests.
From application to monitoring in three simple steps
- For borrowers:A one-time connection
Applicants authorize access to their financial systems in seconds through Codat’s secure connection flow.
Once connected, you can access their data any time – for initial underwriting, periodic reviews, or portfolio monitoring – without them having to lift a finger again.
- For underwriters:Instant access to verified data
Pull complete, standardized financial statements, enriched bank transactions, commerce data, and liability summaries on demand.
Codat categorizes everything automatically using B2B merchant categories, not consumer spending patterns – including accounting data that open banking providers can’t access. Analysis-ready insights flow directly into your existing underwriting systems and decisioning models.
- The result:Faster funding and smarter risk management
Make more informed credit decisions more quickly based on complete, verified data.
Monitor your entire portfolio continuously to spot issues early on and adjust terms proactively, all while delivering a frictionless experience your borrowers love.
Codat handles data collection, standardization, categorization, and enrichment automatically – so your underwriters get analysis-ready insights without the technical complexity.
Make smarter decisions faster
Accelerate application approvals
Stop waiting days for borrowers to manually submit their financials. Connect directly to their systems and pull standardized data instantly, reducing underwriting time from hours to minutes while improving application completion rates and reducing dropoff.
Control your default risk
Access complete, verified financial data that reveals the full picture of a business’s health – including cash flow, liabilities, revenue streams, and payment patterns – and make confident credit decisions backed by real numbers instead of outdated statements.
Effortlessly monitor portfolios
Maintain ongoing connections to borrowers’ financial systems for continuous monitoring without disrupting your customers. Spot early warning signs, trigger automated reviews, and proactively manage credit limits, all without requesting additional documents.
Eliminate manual data collection
End the cycle of chasing paperwork and following up on incomplete submissions. Codat’s automated data retrieval removes friction for both your team and your borrowers, empowering underwriters to confidently approve larger loan amounts and secure higher revenue and win rates.
Analysis-ready data with a fraction of the lift
Categorized financial statements
Commerce & payments data
Enriched bank transaction data
Real-time refresh
Comprehensive liability insights
Verified accuracy checks
The difference is in the details
Purpose-built for modern lending
Codat’s Lending API isn’t a generic data connectivity tool – it’s designed specifically for credit decisioning with features like automated categorization, ratio calculation, cash runaway analysis, and liability identification that flow seamlessly into your underwriting workflows.
Standardized across platforms
We’ve done the heavy lifting of integrating with 20+ accounting, banking, and commerce platforms and standardizing their data into one consistent model. That means you can build once and enjoy consistent access across the platforms your borrowers use.
Always-on connections
Unlike one-time data pulls, Codat maintains ongoing data access across the lending relationship. You can monitor portfolio health, refresh data for reviews, and track performance over time – with Codat managing any required re-authorizations automatically, so your borrowers enjoy a frictionless experience.
Here’s what you can accomplish with Codat in just 1-3 months.
- You’re officially handed over to our Implementation team.
- We set up the project, share resources, and grant environment access.
- All stakeholders align on scope, criteria, and next steps.
- Outcome: Clear plan, clear goals, and the right people ready to help you succeed.
- All stakeholders agree on proposal and project scope.
- You build your configuration of Codat to meet your goals, with support from the Implementation team.
- Our Implementation team are on hand throughout to resolve any technical queries fast.
- Outcome: Your Codat configuration is live and ready for testing within weeks.
- Validate and get confidence in your setup.
- You test your configuration internally and with early-adopter customers (beta).
- Your Implementation Specialist ensures tests are comprehensive and works with you to resolve any issues.
- Take your solution to market.
- We support your go-to-market planning, training, and (if needed) migration prep.
- Your team is fully equipped to roll out your solution.
- You start connecting customers.
- Maximize adoption and long-term value.
- Your Account Manager helps drive customer adoption and activation.
- We work together on a joint long-term success plan to deliver measurable impact.
Proven results at scale
Learn more about data-driven lending
Frequently asked questions
How does Codat improve the loan application experience for borrowers?
Through Codat, your borrowers can authorize a one-time connection to their accounting, banking, and/or commerce platforms in just a few clicks. After that initial connection, you can access their financial data whenever it’s needed—for initial underwriting, periodic reviews, or even ongoing monitoring—without your borrower having to manually submit their documentation again. This eliminates the time-consuming, friction-filled process of chasing down, uploading, and submitting paperwork and significantly improves application completion rates.
What types of financial data can I access for underwriting decisions?
Codat provides access to comprehensive financial data, including profit and loss statements, balance sheets, cash flow statements, bank transactions enriched with spend/income categories, accounts payable and receivable, sales data from commerce platforms, existing loan liabilities and repayment histories, and complete company information. All data is automatically standardized and categorized using machine learning trained on over 100,000 businesses.
How does Codat help reduce default risk?
Codat gives you a complete view of business health that goes far beyond traditional credit checks. You can see real-time cash flow, identify all existing debt obligations, track payment patterns across multiple revenue streams, and calculate key financial ratios automatically. This comprehensive data helps you spot red flags early on, make more accurate credit decisions based on verified information, and continuously monitor portfolio health to take proactive action before any problems escalate into losses.
Can I refresh borrower data after the initial application?
Yes—that’s one of Codat’s key advantages. Once a borrower authorizes the connection, you can refresh their data at any time throughout the lending relationships without asking them to do anything at all. This enables you to conduct periodic portfolio reviews, evaluate credit limit increase requests, monitor for early warning signs, and re-underwrite accounts based on current data, all without disrupting your customers.
How long does integration take?
Most lenders complete the integration process in four to eight weeks on average. Codat’s pre-built SDKs in TypeScript, Python, Java, C#, and Go, along with comprehensive documentation and dedicated support significantly accelerate implementation timelines compared to building direct integrations with each platform yourself.
Which accounting and commerce platforms does Codat integrate with?
Codat integrates with 20+ platforms, including QuickBooks Online, QuickBooks Desktop, Xero, Sage, NetSuite, FreshBooks, and other major accounting systems, plus commerce platforms like Shopify, Amazon Seller Central, and payment processors. One API integration to Codat gives you standardized access to data from all of these platforms at once.
How does automated categorization work?
Codat’s machine learning models automatically categorize financial data into standardized categories based on training from over 100,000 businesses. For example, bank transactions are enriched with detailed spend and income classifications, and charts of accounts are standardized to enable automated ratio analysis. This solves the problem of different businesses naming accounts differently and allows you to compare financials consistently across all borrowers.
Is ongoing monitoring disruptive to borrowers?
Not at all. Once the initial connection to a borrower’s platform is established, portfolio monitoring happens entirely in the background. You can refresh data, run automated checks, and track performance trends without borrowers knowing or needing to take any action. This gives you continuous visibility into portfolio health while maintaining a completely frictionless borrower experience.
How does Codat verify data accuracy?
Codat pulls data directly from source systems—accounting software, banks, and commerce platforms—with explicit borrower authorization, ensuring you’re working with verified information that comes straight from the system of record rather than manually submitted documents. Our API also includes features to help you spot inconsistencies, flag potential fraud indicators, and compare data across multiple sources to verify accuracy, giving you even greater confidence in your credit decisions.
Can Codat help identify existing loans and liabilities?
Yes. Our liability insights feature uses AI-powered models to automatically identify all outstanding loans from connected sources, providing you with a clear overview of a borrower’s existing debt obligations, repayment histories, and debt capacity. This helps you assess whether the business can handle additional debt and evaluate their track record of meeting financial commitments.
What kind of support does Codat provide for lenders?
Codat provides white-glove support including dedicated solutions engineers, comprehensive API documentation, pre-built code examples and guides (like our loan qualification build guide), sandbox environments for testing, and ongoing technical support. We work closely with your team throughout implementation and beyond to ensure you’re getting maximum value from our platform.