A New Finance for a New Economy

The key quote — “These initiatives are welcome but are still too small to plug the SME funding gap in the UK. To make real inroads, SMEs must be able to identify the data relevant to their businesses, incorporate it into their individual credit files, and easily share these files with potential providers of finance through a national SME financing platform.”

These comments are very much inline with the vision we have at Codat to enable small businesses to have full control which data they share with lenders so they can raise the capital they need to grow without waiting to file information at Companies House.

Codat provides lenders with a single point of integration for SME accounting platforms and Open banking data to enable connected digital financial experiences to small businesses. You can explore how we help customers in banking, payments, fintech and accounting at codat.io