Different tools for different problems
ClearStaq: Document Intelligence
ClearStaq processes bank statement documents — PDFs, scanned images, CSVs. Applicants upload their statements, and ClearStaq extracts all the data, detects fraud, and verifies income. No bank login required.
Best for: MCA underwriting, lending, tax preparation, any workflow where borrowers submit statement documents.
Codat: API Aggregation
Codat connects directly to banks and accounting platforms (QuickBooks, Xero) to pull data automatically — no documents needed. But it requires customer credentials and doesn't analyze document authenticity.
Best for: Open banking, real-time account access, accounting integrations where you need live data feeds.
Why many teams use ClearStaq alongside Codat
API aggregation and document intelligence aren't competing approaches — they're complementary.
Not all applicants connect bank accounts
Many MCA applicants and small businesses prefer to upload statement PDFs rather than share bank credentials. ClearStaq handles these submissions instantly.
Fraud detection requires documents
API connections pull clean data — but they can't tell you if the PDF the applicant submitted was manipulated. ClearStaq's 27-signal fraud detection only works on documents.
Historical statements are documents
When you need 6-12 months of historical data and the API only provides 90 days, applicants submit PDF statements. ClearStaq parses them all.
Feature comparison
| Feature | ClearStaq | Codat |
|---|---|---|
| Bank statement document parsing | ||
| Direct API connections to banks | ||
| PDF/image document processing | ||
| 27-signal fraud detection | ||
| AI income verification | Limited | |
| Works without bank credentials | ||
| Scanned document support | ||
| Accounting platform integration | Via API | |
| Commerce data access | ||
| Processing speed | <5 seconds | Real-time API |
| Historical data access | From documents | Via API |
| Document manipulation detection | ||
| 900+ bank format support | N/A | |
| No customer login required | ||
| Free tier | 50 documents/mo | Free plan |
| Works with your existing tools |
What teams are saying
Real results from lending teams who made the switch.
“ClearStaq cut our underwriting prep time from 45 minutes to under 2. The fraud detection alone paid for itself in the first week.”
Operations Director
MCA Brokerage
Switched from Codat
“We switched from Codat and haven't looked back. It's easy to use, the results are accurate, and we can actually see what we're paying.”
VP of Operations
Commercial Lender
Switched from Codat
“Processing 200+ statements a day used to require a team of 4. Now it's automated. That's not an exaggeration.”
VP Operations
Equipment Finance
Switched from Codat
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Upload a bank statement
Drag and drop any PDF — we handle the rest automatically.
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Full financial breakdown, fraud score, and income verification in seconds.
Platform
Explore ClearStaq features
Everything you need to process statements, catch fraud, and verify income — in one platform.
Bank Statement Parsing
Extract transactions, balances & account data from any PDF.
Fraud Detection
27+ checks to catch manipulated documents before they cost you.
Income Verification
Automated income & expense analysis for faster underwriting.
Integrations
Connect ClearStaq to your CRM, LOS, and existing tools.