Banking-as-a-Service (BaaS) provider Synctera has raised $15 million in fresh funding, bringing its total capital to $94 million. The investment round was co-led by Fin Capital and Diagram Ventures, with contributions from First & Main, Evolution, and True Equity.
Founded in 2020 by CEO Peter Hazlehurst—former head of Uber Money, Google Wallet, and Yodlee—alongside CTO Kris Hansen and head of product Dominik Weisserth, Synctera’s platform enables businesses to develop and launch fintech apps and embedded banking solutions.
In a significant partnership, checkout giant Bolt has signed on to use Synctera’s BaaS technology to introduce financial services for consumers. Additionally, Synctera is integrating AI-driven fraud prevention tools from Hawk into its platform to enhance financial crime detection.
Hazlehurst expressed confidence in the company’s growth trajectory, stating: “We are very pleased to earn the trust of increasingly larger and more complex customers and partners. The ongoing evolution of our business and steadfast support of our investors enable us to continue to drive scalable growth and excellence for our customers and community of banks.”