Synctera - About the company
Synctera is a series A company based in San Francisco (United States), founded in 2019 by , and . It operates as a Developer of software suite for banks and financial institutions. Synctera has raised $95.2M in funding from investors like Lightspeed Venture Partners, Fin Capital and National Bank of Canada. The company has 1916 active competitors, including 306 funded and 252 that have exited. Its top competitors include companies like Comviva, ComplyAdvantage and .
Company Details
Developer of software suite for banks and financial institutions. It offers a solution that enables banks and financial institutions to implement multiple solutions including KYC and AML compliance, fraud monitoring, reconciliation and ledger solutions, crypto and cannabis banking solutions, debit cards, accounts, and more.
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Key Metrics
Founded Year
2019
Location
San Francisco, United States
Stage
Series A
Total Funding
in 5 rounds
Latest Funding Round
Investors
Ranked
20th among
Employee Count
as on Dec 31, 2021
Similar Companies
Comviva &
Legal entities associated with Synctera
Synctera is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Jan 29, 2020 | - | 487 | 208 |
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Synctera's funding and investors
Synctera has raised a total funding of $95.2M over 5 rounds. Its first funding round was on Dec 08, 2020. Its latest funding round was a Series A round on Nov 15, 2024 for $15M. 5 investors participated in its latest round, lead by Fin Capital and .
Synctera has 24 institutional investors including Lightspeed Venture Partners, Fin Capital and National Bank of Canada. Max Levchin and 7 others are Angel Investors in Synctera.
Here is the list of recent funding rounds of Synctera:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Nov 15, 2024 | $15M | Series A | 4506092 | 6760580 | Fin Capital, , and |
Mar 04, 2024 | $18.6M | Series A | 7483588 | 5488934 | |
Mar 09, 2023 | $15M | Series A | 6685017 | 4716675 | NAventures, The Banc Funds, and |
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Synctera's founders and board of directors
The founders of Synctera are , and . is the CEO of Synctera.
View details of Synctera's Founder profiles and Board Members
Synctera's employee count trend
Synctera has 58 employees as of Dec 21. The total employee count is 1833.3% more than what it was in Dec 20. Here is Synctera's employee count trend over the years:
Uncover Synctera's growth story! Sign up today!Synctera's Competitors and alternates
Top competitors of Synctera include Comviva, ComplyAdvantage and . Here is the list of Top 10 competitors of Synctera, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st | Payment processing solutions for banks and businesses | $13.5M | WestBridge Capital, Sequoia CapitalÌý&²¹³¾±è;Ìý | 76/100 | |
2nd |  ComplyAdvantage 2014, London (United Kingdom), Series C | Cloud-based AML solutions | $137M | TriplePoint Capital, Ontario Teachers' Pension PlanÌý&²¹³¾±è;Ìý | 76/100 |
3rd |  1984, Brookfield (United States), Public | Provider of diversified financial solutions for businesses | - | ValueAct Capital, Draper EspritÌý&²¹³¾±è;Ìý | 75/100 |
4th | Quantexa 2016, London (United Kingdom), Series F | AI powered data and decision intelligence solutions | $546M | Ontario Teachers' Pension Plan, HSBCÌý&²¹³¾±è;Ìý | 74/100 |
5th |  Riskified 2013, New York City (United States), Public | AI-based payment fraud prevention solutions for e-commerce solution | $232M | HTIF, General AtlanticÌý&²¹³¾±è;Ìý | 70/100 |
6th | Jack Henry 1976, Monett (United States), Public | Provider of a platform offering banking and payments solutions | - | 69/100 | |
7th | Encompass 2011, Glasgow (United Kingdom), Series B | Cloud-based KYC automation software for banking, investment, legal, and accountancy sectors | $198M | Perle Ventures, Ìý&²¹³¾±è;Ìý | 69/100 |
8th |  Blend 2012, San Francisco (United States), Public | Provider of banking and mortgage software suite for banks, credit unions, and lenders | $685M | 69/100 | |
9th |  Alloy 2015, New York City (United States), Series C | Identity decisioning platform for banks and fintech firms | $208M | Bessemer Venture Partners, Harmony PartnersÌý&²¹³¾±è;Ìý | 69/100 |
10th |  Infibeam Avenues 2007, Gandhinagar (India), Public | Payment acquiring and issuing solutions for businesses and merchants | - | Desai Ventures, SuvidhaaÌý&²¹³¾±è;Ìý | 69/100 |
20th | 2019, San Francisco (United States), Series A | Developer of software suite for banks and financial institutions | $95.2M | 1st & Main, Lightspeed Venture PartnersÌý&²¹³¾±è;Ìý | 65/100 |
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Synctera's Investments and acquisitions
Synctera has made no investments or acquisitions yet.
Reports related to Synctera
Here is the latest report on Synctera's sector:
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News related to Synctera
Media has covered Synctera for a total of 4 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
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intelligence360•Dec 16, 2024•Synctera
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The Paypers•May 23, 2024•Synctera
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Finextra•May 01, 2024•Synctera
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TechCrunch+•Mar 27, 2024•Synctera
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The Paypers•Mar 08, 2024•Synctera
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