Synctera raises USD 18.6 million in an extended Series A round

Synctera raises USD 18.6 million in an extended Series A round

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San Francisco-based ‍banking-as-a-service⁣ platform, Synctera, has announced ⁢that it has raised $18.6 million​ in ‍an extended ‌Series A funding⁣ round. This brings​ the total amount raised in the Series A round to $33.6 million.

The funding round was led by⁣ Lightspeed Venture Partners, with participation from existing​ investors like Citi Ventures, Diagram Ventures, and Trinity Ventures. The⁣ additional funding will⁣ be used to accelerate ​Synctera’s ⁢growth and expand its⁤ platform offerings.

What is Synctera?

Synctera is a banking-as-a-service ⁢platform that connects community banks and FinTech companies to offer a seamless banking ⁢experience to their customers. The platform provides a range of banking services, including ⁢account opening, debit cards, payments, and compliance solutions.

Since its launch ⁢in⁤ 2020, Synctera has quickly gained traction in the market⁢ and has partnered with numerous community⁢ banks and FinTech companies ‍to ⁣power⁤ innovative financial products and services.

CEO’s ‌Comments

Commenting⁤ on the funding⁤ round, Peter Hazlehurst, CEO and co-founder of Synctera, said:‌ “We are ​thrilled to have the support of Lightspeed ⁢Venture Partners⁤ and ⁣our existing investors as we continue to revolutionize the banking industry. This additional funding will enable us to further expand our platform ⁣and bring even more value to ‍our customers.”

With the new capital injection, Synctera is‌ well-positioned to‌ capitalize on‌ the growing⁣ demand for banking-as-a-service solutions and drive innovation in the financial services industry.

About‌ Synctera

Synctera was founded in 2020 ⁣by Peter Hazlehurst, co-founder of Coda ⁤Payments and former head of⁢ Uber ‍Money, ‌along with Kris‌ Hansen, ​a former ‍Google executive. The‍ company is on a mission ‌to empower community banks and FinTech ⁤companies to⁣ offer modern banking services⁢ to their customers through its innovative platform.

For more information about Synctera and its banking-as-a-service platform, ‌visit