We use our advanced data analysis tools, and the expertise of our data analysts to assess your business's financial situation and define a funding amount proposal that aligns with your current position. It's crucial for us to know every bank and movement associated with your business to ensure a comprehensive assessment of its financial health. Our connection is used only to retrieve bank statements; no financial transactions are made.
We use those bank data to understand the dynamic of your business based on revenue and expenses (e.g. burn rate, MRR, cash balance…).
We need a minimum of 6 months data, ideally 12 months to understand your seasonality.
If you have several bank accounts in the same bank, Saltedge (our banking data API provider) will connect all of them with 1 connection. If you have several accounts in different banks, you will need to connect your main bank account and provide PDF bank statements via email for the rest of your banks to support@levenue.com.
SaltEdge provides open banking API solutions that enable access to 5000+ banks globally.
We chose SaltEdge as our partner because it adheres to all European data regulations: the credentials undergo at least double encryption and can only be accessed using one-time tokens. This ensures that even if there's a transmission breach or if the external Salt Edge API servers are compromised, intruders won't have the capability to decipher the credentials.
And this service accelerate largely the connection to the banks (no more pdf statements).
We establish connections to bank accounts using a dedicated API (PSD2 connection). This enables us to retrieve and view your bank statements, saving you valuable time. The credentials are encrypted at least twice and they can be accessed only with one-time tokens. No risk.
The API we use to connect to bank accounts has the capability to access data from over 5,000 banks.
Occasionally, this connector might not function, or your bank might not be on our list. In such instances, you can provide us with your bank statements from the past 12 months (in pdf format).
Yes, you can do so by sharing your 12 mont recent months of bank statements in PDF & CSV to our support team at support@levenue.com.