# Synctera

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/synctera

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.synctera.com
- Total disclosed funding: $77M
- Latest round: Series A (Mar 11, 2025)
- Investors on record: 14

## About

Based in the US, Synctera Inc. is a financial technology firm offering a robust banking and payment platform that empowers organizations to create and scale innovative FinTech products.Founded in 2020 and headquartered in Palo Alto, US, Synctera Inc. simplifies banking for FinTech firms by providing essential APIs for banking features. The company's founders include Dominik W, Kris Hansen, Pegah Haghighat, and Peter Hazlehurst, who also serves as CEO. Synctera has successfully raised USD 15.00 mn in its Series A funding round, achieving a current valuation of USD 261.415 mn. The company has completed 6 funding deals with notable investors such as 1st & Main Growth Partners and Lightspeed Venture Partners.Synctera offers a comprehensive banking and payment platform designed to facilitate the creation and scaling of FinTech products. The core services include APIs that enable businesses to build essential banking features such as account management, card processing, and end-user onboarding. These solutions cater to the specific needs of FinTech companies, helping them provide banking accounts, digital wallets, and card programs that promote financial wellness. Synctera primarily serves financial technology firms in North America, including Canada, and emphasizes compliance to align with regulatory standards.Synctera's revenue model is based on partnerships with financial institutions and FinTech companies, utilizing a subscription-based structure and collaborative programs. Clients engage with Synctera to integrate their banking products, benefiting from a streamlined onboarding process and ongoing operational support. Revenue is generated through the use of Synctera's APIs for core banking functionalities and card issuance, with pricing structured around client needs and usage-based transaction fees.Synctera plans to leverage its recent funding of USD 15.00 mn to support the development of new products and expand its operations. The company aims to launch additional banking features tailored for emerging FinTech needs, with specific timelines for rollout expected in the next year. Geographically, Synctera is targeting expansion into new markets within North America, including a focus on underserved regions, to enhance its service offerings and client base.

## Funding rounds

- Series A, Mar 11, 2025, $15M — Lightspeed Venture Partners, 1st & Main Growth Partners, Banco Popular, Evolution Capital, Diagram, Mana Ventures, NAVentures, True Equity, Fin Capital, Trajectory Ventures
- Series A, Nov 16, 2023, $18M — Lightspeed Venture Partners, Banco Popular, Diagram, Fin Capital, Mana Ventures, NAVentures
- Series A, May 28, 2021, $32M — Lightspeed Venture Partners, MasterCard Investment, Gaingels, SciFi VC, Diagram, Fin Capital, Scribble Ventures
- Seed, Dec 8, 2020, $12M — Lightspeed Venture Partners, Diagram

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A
- Diagram (https://capitalatlas.ai/funds/diagram) — Seed, Series A
- MasterCard Investment — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- SciFi VC (https://capitalatlas.ai/funds/scifi-vc) — Series A
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Series A
- Scribble Ventures (https://capitalatlas.ai/funds/scribble-ventures) — Series A
- Banco Popular — Series A
- Mana Ventures (https://capitalatlas.ai/funds/mana-ventures) — Series A
- NAVentures (https://capitalatlas.ai/funds/naventures) — Series A
- 1st & Main Growth Partners (https://capitalatlas.ai/funds/1st-main-growth-partners) — Series A
- Evolution Capital — Series A
- True Equity (https://capitalatlas.ai/funds/true-equity) — Series A
- Trajectory Ventures (https://capitalatlas.ai/funds/trajectory-ventures) — Series A