Synctera Secures $15M Funding to Drive Growth and Innovation
Slice of Finance Team
Mar 12, 2025
Key Highlights:
- Synctera raised $15M, bringing its total funding to $94M.
- Fin Capital and Diagram Ventures co-led the round, with additional participation from First & Main, Evolution, and True Equity.
- Bolt, Synctera’s largest customer to date, will offer financial services with support from Midland States Bank.
- Partnership with Hawk, integrating AI-driven AML and CFT technology for enhanced risk management.
- CEO Peter Hazlehurst emphasizes scalable growth and investor confidence.
Source: Business Wire
Quotes
“ “Fin Capital has supported the Synctera team since its very early days. Their laser focus on doing things the right way, putting banks and end customers first, is why they’ve been able to build a world-class banking platform.” ”
Logan Allin, Managing Partner & Founder at Fin Capita
Why This Matters:
Synctera’s latest funding round underscores the increasing demand for embedded finance and banking-as-a-service solutions. The addition of Bolt as its largest customer and a strategic partnership with Hawk solidify its position as a category leader in risk management and compliance. This investment will fuel Synctera’s ability to serve complex and high-scale clients while continuing to innovate in the financial technology space.
