Validis secures strategic investment from Citi and Barclays to expand its financial data platform.
Leading US and UK banks back the financial data standardization platform to modernise business lending.
Validis provides a secure financial data standardization platform that gives users instant access to business data from major accounting packages. Its smart data engine delivers transaction-level accounts receivable, accounts payable, and general ledger data.
Validis has secured a strategic investment from major banking institutions Citi and Barclays. The funding will support the company as it accelerates growth, drives product innovation, and expands its sales and marketing efforts.
The investment highlights the platform's role in modernising business lending through automated financial data standardization. By integrating Validis into their operations, the backing banks intend to streamline underwriting and reduce credit review times for commercial clients.
Leadership from Validis and the investing institutions noted that the partnership aims to remove historical bottlenecks in commercial finance. The collaboration seeks to improve access to reliable transaction-level data across corporate, commercial, and working capital products.
From the founder
"This strategic investment from two of the world’s leading banks validates our vision of making standardized accounting data the cornerstone of modern lending."
Stephane Besson
Chairman at Validis
Investor perspective
"By automating data collection and standardization, we can not only deliver faster decisions and better service, but also offer client focused working capital funding products at scale. This enables us to meet our customers’ unique needs while still meeting our credit assessment standards."
James Binns
Managing Director, Global Head of Trade & Working Capital, Barclays
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
