Banking-as-a-Service provider Synctera has secured $15 million in funding and signed on online checkout leader Bolt as a client.
Founded in 2020, Synctera was established by CEO Peter Hazlehurst, who previously led Uber Money, headed Google Wallet, and served as CPO at Yodlee, along with co-founders CTO Kris Hansen and Head of Product Dominik Weisserth. The company’s BaaS platform partners with banks to assist businesses of all sizes in developing and launching fintech applications and embedded banking products.
The latest funding round was co-led by Fin Capital and Diagram Ventures, with participation from First & Main, Evolution, and True Equity, raising Synctera’s total funding to $94 million.
In addition to its partnership with Bolt to deliver financial services to consumers, Synctera will also integrate technology from Hawk, an AI-driven financial crime prevention firm, into its core platform.
Hazlehurst stated, “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.”