Synctera is a banking startup that offers secure and scalable partnership banking solutions for startups and fintech.
Synctera is building a partnership banking marketplace connecting community banks with FinTech platforms.
Synctera was co-founded in 2020 by Peter Hazlehurst, Kris Hansen and Dominik Weisserth. The company is headquartered in San Francisco, California, with an office in Toronto, Ontario, Canada.
Synctera's platform reduces risk, ensures compliance and speeds launches to market for FinTechs and banks alike, Synctera creates meaningful connections between community banks seeking more customers and FinTech platforms that need a licensed partner to operate in the US.
Synctera's flagship products include ACH-as-a-Service, enabling community banks to execute ACH payment instructions on behalf of their FinTech partners, and Ledger-as-a-Service, allowing FinTechs to outsource ledger functionality to Synctera.
Synctera is backed by Fin VC, Mastercard, Lightspeed Venture Partners, Gaingels, Diagram Ventures, SciFi Ventures, Scribble Ventures, and others. The company raised $33M in Series A round on June 02, 2021. This brings Synctera's total funding to $45.4M to date.