Synctera raised $18.6M in a funding series A extension led by Lightspeed and Fin Capital to accelerate momentum with enterprise customers and support new US expansions.

Mar 04, 2024•over 1 year ago

Amount Raised

$18.6 Million

Palo AltoFinanceFinancial ServicesInformation Technology

Investors

Mana VenturesBanco PopularDiagramN AventuresFin CapitalLightspeed

Description

Synctera announced an $18.6 million extension to its 2021 Series A round, with Lightspeed and Fin Capital co-leading alongside participation from other previous investors NAventures and Diagram. New investors include Banco Popular and Mana Ventures.

Company Information

Company

Synctera

Location

228 Hamilton Ave., 3rd FL

Palo Alto, California, United States

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.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Synctera raised $18.6M in a funding series A extension led by Lightspeed and Fin Capital to accelerate momentum with enterprise customers and support new US expansions.

Investors

Description

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