Synctera Raises $24.5 Million to Support New BaaS Demand
By PYMNTS
AI summary of the source article
Embedded finance and banking-as-a-service company Synctera raised $24.5 million in new funding. The capital will support its ongoing work with sponsor banks and fintechs.
Why it matters
The financing will support “Synctera’s work with sponsor banks and FinTechs as more banks get back in the game with BaaS.”
Key facts
- Synctera raised $24.5 million in new funding.
- Synctera operates in embedded finance and banking-as-a-service (BaaS).
- The funding was announced in a Friday (Nov. 6) news release.
Source excerpt · PYMNTS
Embedded finance and banking-as-a-service (BaaS) company Synctera raised $24.5 million in new funding, according to a Friday (Nov. 6) news release. The financing will support “Synctera’s work with sponsor banks and FinTechs as more banks get back in the game with BaaS,” the release said. “Two years ago, banks asked me whether to be in […] The post Synctera Raises $24.5 Million to Support New BaaS…