# P2P Synthetic Holdings Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/p2p-synthetic-holdings

- Industry: Financial Services
- Headquarters: Fort Lee, US
- Website: www.peeriq.com
- Total disclosed funding: $21M
- Latest round: Series A (Aug 2, 2017)
- Investors on record: 9

## About

P2P Synthetic Holdings Corporation specializes in innovative financial solutions, catering to the evolving needs of businesses and consumers in various sectors, including banking and fintech.Founded in 2014 and headquartered in Fort Lee, US, P2P Synthetic Holdings Corporation focuses on developing synthetic financial products. The company was acquired in June 2021 by Cross River Bank, which operates a diverse portfolio of financial services. The founder's background details are unavailable, and there are no mentions of significant pivots in the business strategy or the company's ownership structure. The most recent funding round was a Series A, raising USD 12.00 mn from investors such as Hearst Ventures and Macquarie Group, which contributed to a total amount raised of USD 12.00 mn through various deals, including a total of 7 deals since inception.P2P Synthetic Holdings Corporation provides a range of synthetic financial products tailored to meet the demands of both the banking sector and various fintech applications. These offerings are designed to enhance financial accessibility and operational efficiency, facilitating seamless integration into digital platforms for users ranging from individuals to large institutions.The company generates revenue through transaction-based models that encompass fees from synthetic product solutions and interest income from related services. Their pricing strategies align with industry standards, ensuring competitive offerings that cater to a diverse customer base, including businesses and financial service providers.P2P Synthetic Holdings Corporation is set to leverage its recent funding from the Series A round to expand its product line and market reach. Plans include the development of new synthetic financial products aimed at enhancing digital banking capabilities. The company also aims to penetrate new markets, targeting specific regions in the United States and select European countries by 2023. The recent acquisition by Cross River Bank positions the company for strategic partnerships and wider distribution channels, enhancing its growth potential.

## Funding rounds

- Series A, Aug 2, 2017, $12M — TransUnion LLC, Macquarie Group, Hearst Ventures, Uprising
- Seed, Jan 1, 2016 — Supernode Ventures
- Seed, Sep 14, 2015, $2.5M — Victory Park Capital, Uprising, Fenway Summer Ventures
- Seed, Apr 9, 2015, $6M — Uprising
- Seed, Sep 19, 2014 — Uprising, Panorama Point Partners, 1/0 Capital

## Investors

- Uprising (https://capitalatlas.ai/funds/uprising) — Seed, Series A
- Panorama Point Partners (https://capitalatlas.ai/funds/panorama-point-partners) — Seed
- 1/0 Capital (https://capitalatlas.ai/funds/1-0-capital) — Seed
- Victory Park Capital (https://capitalatlas.ai/funds/victory-park-capital) — Seed
- Fenway Summer Ventures (https://capitalatlas.ai/funds/fenway-summer-ventures) — Seed
- Supernode Ventures (https://capitalatlas.ai/funds/supernode-ventures) — Seed
- TransUnion LLC — Series A
- Macquarie Group (https://capitalatlas.ai/funds/macquarie-group) — Series A
- Hearst Ventures (https://capitalatlas.ai/funds/hearst-ventures) — Series A