Codat has received $10m for its fintech solution that aims to simplify interactions between small businesses and banks.

The investment came from Index Ventures, the backer of payments platform Adyen, Californian fintech Plaid and trading app Robinhood.

Index Ventures partner Jan Hammer and venture partner Stephane Kurgan will now join Codat’s board.

Codat’s technology connects the internal systems of small businesses to financial organisations to enable the flow of data in real time.

Hammer, partner at Index Ventures, said: “It’s simply luddite for so much business data to travel over email. | To read full story, visit https://startuparound.com/read/1591920907.4741552/Index-Ventures-invests-$10m-in-London-fintech-Codat?ref=audio_experience