Synapsefi, a San Francisco, CA-based provider of a banking platform that enables FinTech companies to create innovative products for their customers, raised a little over $17M in Series A funding.
The round was led by Trinity Ventures and Core Innovation Capital, with participation from few other smaller funds.
The company intends to use the funds to continue to expand operations, product development efforts and its business reach.
Led by CEO Sankaet Pathak, Synapsefi provides payment, deposit, lending and investment products as APIs to FinTech companies. The company has processed over $10B+ in transactions and bank over 1.5M end users through the over 100 FinTech companies that have built and launched their financial innovations on top of its banking infrastructure.
As listed on the website, products include:
– Payment Products
– Deposit Products
– Card Issuance
– Loan Products
– UI as a Service
– Account Aggregation
– Design Lab
– Platform Compliance