Case Study: MarketFinance achieves faster, more accurate lending decisions with Codat's single API for live accounting data

Codat help MarketFinance to deliver on their mission to make it quick and easy for businesses to get funding

MarketFinance is a UK fintech business lender that has provided over £2.6bn in lending to thousands of businesses. They faced challenges getting up-to-date accounting data from small-business customers to accurately assess credit limits, evaluate risk across a full suite of accounting data points, and achieve broad coverage of the many accounting platforms customers use. MarketFinance engaged Codat to provide a single API connection to customers’ accounting systems and live accounting data.

Codat implemented a single, maintained API that delivers live accounting data and ongoing monitoring across multiple platforms. As a result, MarketFinance can make faster, more accurate funding decisions—accessing the data they need within days—monitor customer health continuously to spot red flags early, and eliminate manual monthly account uploads for customers, improving speed and reliability of lending and risk assessment.

MarketFinance

Jonathan Allan

Chief Marketing Officer