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APIs · head to head

Codat vs Salt Edge

Codat logo

Codat

APIs

One API for small business accounting, banking and commerce data

From
On request
Rated
-
Full reviewWebsite
Salt Edge logo

Salt Edge

APIs

Independent open banking aggregator covering Europe by PSD2 API and other markets by direct connection

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.; Salt Edge coverage outside regulated open banking markets is not all direct bank API, and connections that are not regulated interfaces break when a bank changes its systems, so a headline country count overstates the reliability you will actually experience.
  • They diverge on capability: Codat covers Normalised accounting API, Salt Edge covers Account information.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Codat and Salt Edge actually diverge.

Attributes where Codat and Salt Edge differ
AttributeCodatSalt Edge
PlatformsAPI, WebWeb, API

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 Salt Edge

  • Account information
  • Payment initiation
  • Wide country coverage
  • Open Banking Gateway
  • Categorisation and enrichment
  • Consent management
  • Partner and white label
  • Sandbox

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 Salt Edge
  • A commercial bank monitoring covenant compliance across a portfolio of small business borrowers continuously rather than quarterlynot Salt Edge
  • A payment company verifying a merchant trading history before extending working capitalnot Salt Edge
  • A B2B platform writing bills and payments back into a customer accounting system so reconciliation happens automaticallynot Salt Edge

Salt Edge

  • A lender operating across several European and non-EU markets that needs one aggregation contract rather than a different provider per countrynot Codat
  • A fintech that wants an aggregator not owned by a card network because its use case competes with card productsnot Codat
  • An accounting or treasury product that needs bank feeds in markets the large aggregators do not servenot Codat
  • A bank that must publish PSD2-compliant APIs and would rather buy the compliance layer than build itnot 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.

Salt Edge

  • Coverage outside regulated open banking markets is not all direct bank API, and connections that are not regulated interfaces break when a bank changes its systems, so a headline country count overstates the reliability you will actually experience.
  • Pricing is not published and is usage-based, so two providers cannot be compared without running both sales processes, and cost grows with the connected user base rather than with revenue.
  • Support and engineering are distributed across Eastern Europe and Canada, and buyers in other time zones report slower turnaround on connection-specific breakages than they get from a domestic provider.
  • PSD2 consent rules require customers to reauthenticate periodically, and Salt Edge cannot change that, so any product depending on continuous data must design for consent expiry and the drop-off it causes.
  • United States coverage is weaker than Plaid or Mastercard Open Banking, so a company with meaningful US volume ends up running two aggregators and normalising between them.

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

Salt Edge

On request
  • Salt Edge Open Banking API$undefined/year
    • Account information and payment initiation
    • Coverage across 50 plus countries
    • Consent management and enrichment

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 Salt Edge if

  • You need account information.
  • You work on Web, API.
  • You also want payment initiation.
Salt Edge review

Questions people ask

Is Codat or Salt Edge better?
Neither clearly leads. Codat starts at On request and Salt Edge at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Codat or Salt Edge?
Codat starts at On request and Salt Edge at On request.
Does Codat or Salt Edge run on more platforms?
Codat runs on API, Web. Salt Edge runs on Web, API.
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 Salt Edge is typically brought in for.
What can Codat do that Salt Edge cannot?
Codat covers Normalised accounting API, Banking and commerce data, Lending products, Write-back. Salt Edge covers Account information, Payment initiation, Wide country coverage, Open Banking Gateway.

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.

Salt Edge: Who owns Salt Edge?

It is independently owned, unlike Tink (Visa), Finicity (Mastercard) or Yodlee (Envestnet), which matters if your use case competes with the owner.

Codat: Can Codat write data back?

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

Salt Edge: Is all coverage direct bank API?

No. Inside PSD2 markets connections use regulated APIs; elsewhere coverage relies on direct connections whose reliability depends on the bank not changing its systems. Ask for a per-institution answer.

Codat: Is pricing published?

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

Salt Edge: Does it do payments as well as data?

Yes, payment initiation is supported in European markets where PSD2 applies.

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.

Salt Edge: What does it cost?

Not published. Pricing is usage-based and quoted, though the sandbox is free.

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