Synctera aims $33M Series A at developing Banking-as-a-Service
Synctera raised $33 million in Series A funding. The new investment comes six months after announcing its $12.4 million seed round.
Fin VC led the new round and was joined by Mastercard and Gaingels, along with follow-on investments from Lightspeed Venture Partners, Diagram Ventures, SciFi Ventures and Scribble Ventures.
“As soon as we met Peter [Hazlehurst], Kris [Hansen] and Dominik [Weisserth], and learned about their solution for the market, we were immediately sold,” said Logan Allin, managing general partner and founder at Fin VC, in a written statement. “The specific focus on community banks and the world-class tech behind the platform really convinced us that they’re building something that will stand the test of time and prove invaluable to financial services of the future.”
The investment also included a group of angel investors, including Omri Dahan, Nuno Sebastiao and Tim Sheehan. The investment brings Synctera’s total funding to date to $45.4 million, according to Crunchbase data.
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