Synder, a San Francisco, CA-based accounting solution for e-commerce businesses, raised $2m in a late seed funding round led by a TMT investments venture.
The company intends to use the funds to continue to expand operations and its business reach.
Company: Synder/CloudBusiness Inc.
Round: Seed Round
Funding Month: June 2021
Lead Investor: TMT investments venture
Company Website: https://synder.com/
Software Category: Accounting platform
About the Company: Founded in 2019 by Michael Astreiko (CEO) and Ilya Kisel (COO). Synder is a SaaS product for businesses in the US, which is designed to automate bookkeeping processes and sync multi-channel sales in one single ecosystem for businesses selling online. Synder is integrated with the sales and payment systems like Shopify, Amazon, WooCommerce, Etsy, Stripe, PayPal, Square, and others. In 2020, the company reached the milestone of $1B transactions in amounts processed for several thousand companies.