Synctera raises $24.5M in new funding to support its work with sponsor banks and FinTechs. The funding was led by Multiplier Capital, Fin Capital, and others amid increased demand for embedded finance.
NAventuresDiagram1st & Main Growth PartnersFin CapitalMultiplier Capital
Description
Synctera, a leader in embedded finance and banking as a service (BaaS), has announced $24.5M in new funding. This new capital will support the company's initiatives as more banks engage with BaaS solutions. The funding round included notable investors like Multiplier Capital and Fin Capital. This brings Synctera's total funding to $126.7M.
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Company Information
Company
Synctera
Location
228 Hamilton Ave., 3rd FL
Canada
About
Synctera’s platform gives companies of all sizes the technology infrastructure, sponsor bank connection, and compliance framework they need to launch FinTech or embedded banking products. With a single set of powerful APIs, companies are able to quickly launch and scale products such as debit cards, bank accounts, charge cards, lines of credit, and money movement. Whether you are a FinTech company or an established business wanting to embed banking into your existing product set, Synctera can help you bring your vision to life.
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