Validis, a leader in financial data collection and standardisation, has received strategic investments from Citi and Barclays.

The funding aims to enhance Validis’ platform, which focuses on automating and standardising data processes across business lending, including corporate, commercial, and working capital finance.

Validis provides technology that automates financial monitoring and delivers underwriting-ready data quickly. This process significantly reduces the time required for credit applications and reviews, enabling lenders to make faster and more informed decisions. The platform also supports risk management by ensuring data reliability and consistency.

With the new funding, Validis plans to accelerate its growth through product innovation and expanded sales and marketing efforts.

In addition to its lending applications, Validis’ technology has been transformative in the audit sector, where it works with over 100 lending and accounting firms to deliver granular, transaction-level data. This audit-grade information provides unprecedented insights, enabling robust financial decisions.

Michael Turner, CEO of Validis, added, “We’re eliminating historically time-consuming and high-cost data processes, particularly for complex commercial clients, enabling lenders to make faster, smarter decisions based on clean, reliable data.”

James Binns, managing director and global head of trade and working capital at Barclays, emphasised the impact on customer service, saying, “By automating data collection and standardization, we can not only deliver faster decisions and better service, but also offer client focused working capital funding products at scale. This enables us to meet our customers’ unique needs while still meeting our credit assessment standards.”