Validis: Cloud-Based Fintech Extracts, Standardizes Financial Data

It's almost that time of year.

The 2017 Benzinga Global Fintech Awards is a competition to showcase the companies with the most impressive technology that are paving the future in financial services and capital markets.

To get you prepared for this year's awards, Benzinga will profile each fintech company that has applied. Want to get involved? Submit your company here.

For this installment, we spoke with Validis CEO Max Pell (answers have been edited for length and clarity).

Validis

What does your company do? What unique problem does it solve?

Validis' cloud-based software extracts and standardizes financial data directly from SMB accounting applications and sends that data to the auditor or lender. Our unique intelligence includes data mapping and classification technology that automatically delivers the financial data to our clients in the form of standardized reports. Validis connects to over 70 percent of the SMB accounting software market and features deep data capture: double-entry level information.

Validis software provides value-added benefits to the clients we serve including: time and cost savings, platform simplicity, bank-grade security, transactional detail level sophistication, data extraction and transmission speed, and report standardization. Our team is focused on service excellence and ongoing innovation to stay ahead of the fintech industry and provide our clients with tomorrow's technology, today.

Who are your customers?

Accounting firms and commercial lenders (United States, the U.K., Canada, Ireland).

How long have you been in business?

We have been in business since 2014 in the U.K. and since 2015 in the U.S. market.

Where are you located?

We are headquartered in the U.K. with an office in Austin, Texas.

Who is your company's leadership? What kind of experience do they have?

Max Pell, CEO; Validis is comprised of accounting, finance and technology professionals. Look here for more info.

Anything else Benzinga should know about your company?

Validis is different from other fintechs in the market. Our technology performs a comprehensive financial data extraction from the end client's accounting application – no other technology provides the breadth & depth of data. Validis then automatically transforms the data into standardized financial reports, in a consistent format, and within a single app (no other technology provides as comprehensive a set of reports). Additionally, our technology requires no installation and leaves a zero client-side footprint.

_________ For another fintech profile, click here to read about how Private Wealth Systems empowers ultra high-net-worth individuals.

If you’re looking for cool fintech startups and access to top financial institutions, and are sick of attending stuffy corporate conferences, the Benzinga Global Fintech Awards is the event for you. From its first year in 2015, the competition grew to over 250 applicants and over 500 attendees in 2016.

Connect with us on social media — use the hashtag #BZAwards and #Fintech to spread the word!

_____ Image Credit: screenshot from http://validis.com/