Australia’s Judo Bank leads Codat launch Down Under

By Oliver Smith on Monday 22 November 2021

Digital Banking

Aussie entrepreneur Matthew Tyrrell will lead Codat’s expansion into APAC.

Australia’s Judo Bank leads Codat launch Down Under
Image source: Matthew Tyrrell/Codat.

London-based financial API provider Codat is arriving in Australia and New Zealand (ANZ) today, with local SME challenger bank Judo as the firm’s first flagship client.

Judo Bank customers will be able to import their financial statements with a few clicks, rather than dealing with PDFs or paperwork.

On the ground, Codat has appointed entrepreneur Matthew Tyrrell—who previously founded CurrencyVue before its acquisition by Worldfirst (Ant Group)—as APAC commercial director to head up the startup’s local operations.

Codat’s core offering is a one-stop API that connects with all the major accounting, banking, and commerce platforms in the UK, US and now Australia and New Zealand.

“We know the average Aussie small business now uses more than 40 different applications,” said Tyrrell.

“Ultimately, connectivity to these systems has the greatest potential to reduce the administrative burden for small businesses and drive better access to financial services.”

Along with Judo Bank, Codat is already being used by over 175 clients in ANZ, including veterinary software firm Petbooqz, payments firm Comma and lenders including Swoop.

The expansion comes after a bumper year for Codat’s funding, with the fintech securing a $40m Series B funding round to help it expand to the US and winning an additional £5m from the latest BCR funding pool.

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