Synctera Raises $24.5M in Funding

Synctera, based in San Francisco, is a software company specializing in embedded finance and banking as a service (BaaS) technology. The company announced it has raised $24.5 million in new funding, bringing its total raised capital to $126.7 million.

Investors

Participants in the funding round include Multiplier Capital, Fin Capital, 1st & Main Growth Partners, Diagram, and NAventures.

Synctera Use of Funds

Synctera plans to use the new capital to strengthen its balance sheet and provide the runway necessary to achieve break-even status.

About Synctera

Founded in 2020 by Peter Hazlehurst, Synctera provides a technology platform that enables banks and fintech companies to build financial products. The company focuses on compliance-first infrastructure, including independent ledgers, automated reconciliation, and continuous compliance testing via its recent acquisition of Cable, to facilitate secure embedded finance.

Funding Details

Company Website: https://synctera.com

Company: Synctera
Raised: $24.5M
Funding Date: November 6, 2026
Additional Investors: Multiplier Capital, Fin Capital, 1st & Main Growth Partners, Diagram, NAventures
Company Website: https://www.synctera.com
Software Category: FinTech
Source: https://www.businesswire.com/news/home/20261106870887/en/Synctera-Raises-%2424.5M-as-Demand-Accelerates-and-Banks-Return-to-BaaS-and-Embedded-Finance