Synctera raises $15 million

Banking-as-a-service platform Synctera has raised $15 million in a round co-led by Fin Capital and Diagram Ventures, bringing its total funding to $94 million.

The company also signed its largest customer to date, one-click checkout fintech Bolt Financial , which will soon offer financial services through Midland States Bank. Bolt has partnered with Alliant Insurance Services and Synctera to embed insurance and banking into its platform, expanding its consumer offerings.

The raise follows Synctera’s growing presence in the consumer space, with clients like Unified Signal and a new partnership with AI-driven financial crime platform Hawk, enhancing its compliance capabilities.

Founded in 2020, Synctera provides embedded banking solutions for fintechs and compliance tools for sponsor banks.