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Banking-as-a-Service Leader Synctera Raises $15M And Signs Bolt, Its Largest Customer To Date
Synctera, the leader in banking-as-a-service and embedded finance, announced a $15M round of funding, bringing the company to a total of $94M raised to date. The new funding will support the acceleration of its growth and ability to meet the more complex needs and increased scale of its latest customers, such as Bolt and Unified Signal.
The round was co-led by Fin Capital and Diagram Ventures, with participation from other existing investors including First & Main, Evolution, and True Equity.
Diagram Ventures co-led the round with Fin Capital and its partner and Synctera board member Frédéric Latreille shared: “We’re very pleased to continue to be on board once again and support Synctera’s continued mission to power financial innovation for companies of increasing size like Bolt and Unified Signal in new and exciting ways.”
“This is a vote of confidence that enables us to continue to drive scalable growth and excellence for our customers and community of banks,” said Peter Hazlehurst, co-founder and CEO of Synctera.
“Fin Capital has supported the Synctera team since its very early days. Their laser focus on doing things the right way, putting banks and end customers first, is why they’ve been able to build a world-class banking platform,” shared Fin Capital Managing Partner & Founder and Synctera board member Logan Allin.
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