Synder Raises $2M in Late Seed Funding

Ilya Kisel & Michael Astreiko

Synder, a San Francisco, CA-based accounting solution for e-commerce businesses, raised $2m in late seed funding round.

TMT investments venture fund made the commitment.

The company intends to use the funds to continue to expand operations and its business reach.

Founded in 2019 by Michael Astreiko (CEO) and Ilya Kisel (COO), Synder is a SaaS product for businesses in the US, which is designed to automate bookkeeping processes and sync multi-channel sales in one single ecosystem for businesses selling online.

Synder is integrated with the sales and payment systems like Shopify, Amazon, WooCommerce, Etsy, Stripe, PayPal, Square and others. In 2020, the company reached the milestone of $1B transactions in amounts processed for several thousands of companies.