Synctera Secures $15M Despite BaaS Setbacks

Synctera, a Banking-as-a-Service startup, raised $15 million in a Series A extension, bringing its total funding to $94 million. Despite Synapse’s collapse shaking the industry, Synctera’s revenue soared 80% and gross profit jumped 230% year-over-year. CEO Peter Hazlehurst credits its compliance focus and aims for breakeven by early 2026.

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