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APIs · head to head

Codat vs Episode Six

Codat logo

Codat

APIs

One API for small business accounting, banking and commerce data

From
On request
Rated
-
Full reviewWebsite
Episode Six logo

Episode Six

APIs

Payment processing and ledger platform deployable on premise or in your own cloud

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Codat the accounting platforms are metering developer access themselves, with Xero introducing tiered connection based developer pricing from 2 March 2026, so a cost you do not control has been inserted between you and the data and it scales with the number of customers you connect.; Episode Six deployment on premise or in a private tenancy means the institution carries infrastructure, upgrade and PCI scope work that a hosted processor would absorb.
  • They diverge on capability: Codat covers Normalised accounting API, Episode Six covers Tritium API platform.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Codat and Episode Six actually diverge.

Attributes where Codat and Episode Six differ
AttributeCodatEpisode Six
PlatformsAPI, WebWeb, API, On-premise

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (APIs).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Codat

  • Normalised accounting API
  • Banking and commerce data
  • Lending products
  • Write-back
  • Business verification
  • Supplier onboarding
  • Connection management
  • Data quality handling

Only in Episode Six

  • Tritium API platform
  • Flexible deployment
  • Multi product issuing
  • Digital wallets
  • Multi currency ledger
  • Network connectivity
  • Configurable product engine
  • Institutional controls

What people use each for

The jobs each tool is most often brought in to do.

Codat

  • A business lender that wants live ledger data for underwriting rather than a borrower emailing exported PDF accountsnot Episode Six
  • A commercial bank monitoring covenant compliance across a portfolio of small business borrowers continuously rather than quarterlynot Episode Six
  • A payment company verifying a merchant trading history before extending working capitalnot Episode Six
  • A B2B platform writing bills and payments back into a customer accounting system so reconciliation happens automaticallynot Episode Six

Episode Six

  • A bank in a jurisdiction with data residency rules that forbid processing customer data in a shared multi tenant cloudnot Codat
  • A large institution replacing a legacy card processor without moving off its own infrastructurenot Codat
  • A telco or airline launching a branded wallet and card product at national scalenot Codat
  • A bank running prepaid, debit and credit products that wants them on one ledger rather than three processorsnot Codat

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Codat

  • The accounting platforms are metering developer access themselves, with Xero introducing tiered connection based developer pricing from 2 March 2026, so a cost you do not control has been inserted between you and the data and it scales with the number of customers you connect.
  • Pricing is opaque and enterprise shaped for a product developers expect to evaluate technically first, so build decisions get made before anyone knows the unit economics.
  • Normalisation hides but does not remove the underlying differences between accounting systems, and edge cases in multi-currency, journals and tax handling surface as data quality problems that your team must reason about in each source system anyway.
  • Data quality depends on the small business keeping its books properly, so a lender using ledger data for underwriting inherits the bookkeeping standard of its worst borrower and needs its own validation layer regardless.
  • Connection breakage from expired tokens and platform API changes is an ongoing operational load, and a borrower whose connection lapses stops being monitored silently, which is the failure mode that matters most in a lending portfolio.

Episode Six

  • Deployment on premise or in a private tenancy means the institution carries infrastructure, upgrade and PCI scope work that a hosted processor would absorb.
  • Implementation runs to quarters and involves core banking, network certification and fraud system integration, so time to first card is far longer than with a self serve issuer processor.
  • Pricing is entirely bespoke and weighted to large programmes, which prices out fintechs and small issuers who would be better served by a hosted platform.
  • Being smaller than the incumbent processors, its network certifications and operational presence vary by region, so a global rollout can find gaps in specific markets.
  • The flexibility of six hundred APIs and a configurable product engine shifts design responsibility onto the buyer, and institutions without strong internal payments architects end up dependent on professional services.

Pricing, plan by plan

Codat

On request
  • Codat Platform$undefined/year
    • Priced by connected companies, data types and products
    • Lending and verification products priced above core data access
    • Annual enterprise agreements

Episode Six

On request
  • Tritium platform$undefined/year
    • Licence and implementation quoted per institution
    • Deployment model affects cost materially: on premise, private cloud or hosted
    • Processing fees typically per transaction or per active card

Which should you pick?

Choose Codat if

  • You need normalised accounting api.
  • You work on API, Web.
  • You also want banking and commerce data.
Codat review

Choose Episode Six if

  • You need tritium api platform.
  • You work on Web, API, On-premise.
  • You also want flexible deployment.
Episode Six review

Questions people ask

Is Codat or Episode Six better?
Neither clearly leads. Codat starts at On request and Episode Six at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Codat or Episode Six?
Codat starts at On request and Episode Six at On request.
Does Codat or Episode Six run on more platforms?
Codat runs on API, Web. Episode Six runs on Web, API, On-premise.
What is Codat best used for?
Codat is most often used for a business lender that wants live ledger data for underwriting rather than a borrower emailing exported pdf accounts, a commercial bank monitoring covenant compliance across a portfolio of small business borrowers continuously rather than quarterly, a payment company verifying a merchant trading history before extending working capital, a b2b platform writing bills and payments back into a customer accounting system so reconciliation happens automatically. Of those, a business lender that wants live ledger data for underwriting rather than a borrower emailing exported pdf accounts and a commercial bank monitoring covenant compliance across a portfolio of small business borrowers continuously rather than quarterly are not what Episode Six is typically brought in for.
What can Codat do that Episode Six cannot?
Codat covers Normalised accounting API, Banking and commerce data, Lending products, Write-back. Episode Six covers Tritium API platform, Flexible deployment, Multi product issuing, Digital wallets.

Answered from the vendors’ own pages

Codat: What is changing with Xero in 2026?

Xero is introducing a tiered, usage based developer pricing model effective 2 March 2026, with tiers based on the number of customer connections an app holds. That is a new cost in the chain for anyone reading Xero data at scale, whether directly or through Codat.

Episode Six: Can Episode Six run inside our own data centre?

Yes. On premise and private cloud deployment is the main reason banks choose it over hosted only processors.

Codat: Can Codat write data back?

Yes. It supports pushing bills, payments and journal entries into accounting systems, not only reading from them.

Episode Six: Is it suitable for a startup issuing its first cards?

Not really. The licence, implementation timeline and cost are aimed at banks and large institutions.

Codat: Is pricing published?

No. It is quoted by connected companies, data types and products, and users consistently describe it as opaque.

Episode Six: Do we still need a card licence or sponsor?

Yes. Episode Six is a processor. Network membership, licensing or a sponsor arrangement remains your responsibility.

Codat: Does it replace bank data aggregation?

Not entirely. It covers banking alongside accounting and commerce, but lenders commonly run it beside a bank aggregator for transaction level cash flow.

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