Synctera
BaaS platform connecting fintechs to sponsor banks for embedded banking, card issuing, and compliance.
Overview
Synctera is a Banking-as-a-Service (BaaS) platform that provides fintechs, embedded finance builders, and enterprises with all the infrastructure needed to launch and operate banking products — including deposit accounts, debit and credit card programs, money movement (ACH, FedWire, RTP, EFT), and lending. The platform consists of three layers: a comprehensive set of REST APIs covering core banking, card processing, KYC/KYB onboarding, and fraud monitoring; the Synctera Ledger, a central source of truth for all account and transaction data with automated reconciliation; and the Synctera Console, an operational dashboard enabling both fintechs and their sponsor bank partners to manage compliance workflows, case management, and real-time program reporting. Synctera operates a two-sided marketplace model: on one side it signs community and regional banks as sponsor bank partners; on the other, it connects pre-vetted fintech customers to those banks. The platform handles the compliance framework, reconciliation, KYC/KYB workflows, fraud and AML monitoring, and operational tooling so that neither the fintech nor the bank must build this from scratch. Compliance is a three-party shared model among sponsor bank, Synctera, and the fintech. Founded in March 2020 in San Francisco by CEO Peter Hazlehurst (former head of Uber Money), CTO Kris Hansen, and Head of Product Dominik Weisserth. As of early 2025, the platform had 31 active fintech customers, 416,000+ end users, reconciled $219 billion in transaction volume in 2024, and had raised $94M total. In April 2026, Synctera acquired Cable, an automated compliance control-testing platform.
Key features
- API-based bank account and card issuance
- Automated KYC/KYB onboarding workflows
- Real-time fraud and AML monitoring
- Reconciliation ledger (99% auto-reconciled)
- Sponsor bank matching and compliance management
- Synctera Console for joint bank/fintech ops
Vertical focus
fintech, b2b, ecommerce, gig economy, healthcare, marketplaces, saas
Notable customers
Bolt, Webull, BTG Pactual, Firstcard, Fruitful
At a glance
| Category | banking |
|---|---|
| Model | ["api","white_label","managed_service"] |
| Pricing | ["transaction_fee","revenue_share","platform_fee"] |
| Revenue share | 70/30 interchange split (70% to fintech) per Synctera's documented industry-standard model |
| Best company size | ["startup","smb","growth","enterprise"] |
| Time to launch | 3-6 months |
| Technical complexity | high |
| PCI scope | reduced |
| Founded | 2020 |
| Funding stage | series_b |
| Website | https://synctera.com |
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