@pete_codat

Founder @CodatData. Passionate about product.

 New York City
codat.io
Joined June 2020
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SMB loan fraud is on the rise. This hurts financial Institutions, causing revenue loss, but most importantly it creates a growing distrust of SMBs. My thoughts on how lenders should react in Forbes here. (forbes.com/sites/forbestechc…) The TL;DR in thread below.
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With real-time data, it is much harder for fraudsters to manipulate the data, and inconsistent transactions across different data sources can be checked.
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Interesting, lesser known fraud indicators can be found in accounting software. For example, seeing that the QuickBooks account was created last week on a loan application should be a red flag and can only be seen when connecting digitally.
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Just landed in Denver, looking forward to catching up with @CharleyMa, @cjhay85, @ryansandler_ and @jmover on Business of APIs at @fintechdevcon
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Codat raises $10 million to aggregate all financial data from small businesses techcrunch.com/2020/06/10/co…

Codat raises $10 million to aggregate all financial data from small businesses | TechCrunch

London-based startup Codat has raised a $10 million funding round from Index Ventures. If you’ve ever tried to apply for a loan for your small business or

techcrunch.com
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