Side by side
Basiq vs Codat
Both stand on bank connectivity software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.
Paid APIWeb
Basiq provides several ways to access and interpret customer-consented financial data, with coverage across banking, superannuation, and energy. Businesses should note that public pricing is unavailable and the free sandbox has a connection limit.
Visit Basiq
Paid APIWeb
Choose Codat if a commercial bank needs portfolio insights alongside standardized connections to accounting, banking, and commerce platforms. Teams should look elsewhere if they need a published price rather than a quote tailored to needs, integrations, and expected volume.
Visit CodatThe facts
| Basiq | Codat | |
|---|---|---|
| Free plan | Not published | Not published |
| Open source | Not published | Not published |
| Runs on | API, Web | API, Web |
| Lowest paid plan | Free or on request | Free or on request |
| Plans published | 1 | 1 |
| Maker | Not published | Not published |
| Website | basiq.io | codat.io |
| On bank connectivity software | #25 of 71 | #29 of 71 |
Basiq: what it does well
- Supports 136 financial institutions in Australia and New Zealand.
- Covers 99% of the population and all CDR data holders.
- Connects banking, superannuation, and energy data.
- Free API sandbox for testing.
- Consent UI supports configurable scope and branding.
What to know first
- Sandbox connections are limited to 500.
Codat: what it does well
- Spend Insights surfaces supplier and client opportunities for commercial card teams.
- Working Capital Insights highlights payment timing and payable trends across a portfolio.
- APIs support reading and writing for two-way accounting synchronization.
- Bank transactions and account balances refresh in real time.
- Connections support OAuth, embedded authorization, or an API.
What to know first
- Pricing is available by custom quote only.
- Its advisory intelligence solution is purpose-built for commercial banking.