What is Synctera?
Embedded banking infrastructure for fintechs and banks
- Category
- Banking-as-a-service
- Headquarters
- San Francisco, California
- Founded
- 2020
- Employees
- About 51-200 employees
- Total funding
- $94M disclosed
- Valuation or Status
- Undisclosed private valuation
What is Synctera?
Synctera is embedded banking infrastructure for fintechs and banks.
Synctera is embedded banking infrastructure for fintechs and banks, operating in banking-as-a-service. Synctera says its APIs cover core banking, card processing, end-user onboarding, compliance workflows, and sponsor-bank connectivity. Its March 2025 financing announcement said Bolt and Unified Signal were among new larger customers and that total funding had reached $94 million.
As of June 2026, the company is best understood as a private growth company with About 51-200 employees, $94M disclosed, and Undisclosed private valuation. For sellers, the useful signal is where the company is concentrating spend: product velocity, compliance, data, infrastructure, customer success, and go-to-market systems that support its next stage.
What does Synctera offer?
Synctera offers Core banking APIs, Card issuing, KYC/KYB onboarding, Ledger and accounts, and related products for its market.
- Core banking APIs· Platform
- Card issuing· Payments
- KYC/KYB onboarding· Compliance
- Ledger and accounts· Banking
- Sponsor-bank marketplace· Bank network
- Program management· Operations
How does Synctera make money?
Synctera sells banking infrastructure to fintechs, embedded-finance teams, and sponsor banks.
Synctera sells banking infrastructure to fintechs, embedded-finance teams, and sponsor banks. Revenue is driven by implementation fees, platform/API fees, program volume, and managed compliance or program-management work. Enterprise API contracts are quoted rather than self-serve; fees typically map to program scope, accounts, cards, payments, compliance services, and sponsor-bank complexity.
Because Synctera is private, public revenue and margin disclosure is limited unless noted in recent reporting. The practical budget signal is the company's current operating motion: hiring, new product launches, customer expansion, and financing that funds engineering, security, data, compliance, and sales capacity.
Who leads Synctera?
Synctera's leadership centers on Peter Hazlehurst and Kris Hansen.
- Peter HazlehurstCo-founder and CEOCo-founder since 2020Former Uber Money, Google Wallet, and Yodlee product leader.
- Kris HansenCo-founder and CTOCo-founder since 2020Engineering leader focused on banking infrastructure.
- Dominik WeisserthCo-founder and product leaderCo-founder since 2020Product executive involved in Synctera's platform launch.
- Jason MikulaHead of Industry StrategyExecutive role reported publiclyFintech and banking commentator focused on industry strategy.
How do you contact Synctera's leadership?
Personal executive emails are not published; use Synctera's sales/contact form or public company channels.
Personal executive email format not verified; use synctera.com contact forms- Peter HazlehurstCo-founder and CEOPersonal executive email format not verified; use synctera.com contact forms
- Kris HansenCo-founder and CTOPersonal executive email format not verified; use synctera.com contact forms
- Dominik WeisserthCo-founder and product leaderPersonal executive email format not verified; use synctera.com contact forms
- Jason MikulaHead of Industry StrategyPersonal executive email format not verified; use synctera.com contact forms
How much funding has Synctera raised?
Synctera has $94M disclosed; latest valuation/status: Undisclosed private valuation.
Synctera has $94M disclosed; latest valuation/status: Undisclosed private valuation. 2020: Seed / launch capital. Initial capital around company launch; investors included Diagram and fintech backers. June 2021: Series A — $33M. Series A led by Fin VC with Mastercard and other investors, accelerating bank and fintech demand. March 2024: Series A extension — $18.6M. Extension co-led by Lightspeed and Fin Capital with Diagram, NAventures, Banco Popular, Mana Ventures, and others. March 2025: Growth financing — $15M. Fin Capital and Diagram co-led new funding, bringing total raised to $94M.
Where a round amount or valuation has not been publicly disclosed, this profile says so rather than filling the gap. The seller signal is whether the latest financing created budget for hiring, infrastructure, compliance, enterprise sales, or geographic expansion.
How did Synctera get here?
Synctera's milestones show its path from founding to its current banking-as-a-service position.
- 2020Synctera foundedPeter Hazlehurst, Kris Hansen, and Dominik Weisserth launched the company to connect fintechs with sponsor banks.
- 2021Series A raisedThe company raised $33M after early demand from community banks and fintech builders.
- 2023-2024Regulatory scrutiny reshaped BaaSSynctera leaned into compliance, program management, and bank partnership controls as the BaaS market tightened.
- March 2024Series A extension closedSynctera added strategic bank and fintech investors.
- March 2025Bolt announced as major customerThe company said its $15M round would support larger, more complex customers.
- March 2026Six-year operating updateThe CEO described Synctera's focus on durable BaaS programs after six years in market.
Who are Synctera's competitors?
Synctera competes with category specialists and broader platforms serving the same buyer or user workflow.
- UnitDeveloper-first banking infrastructure with embedded accounts, cards, and payments.
- Treasury PrimeBanking API network focused on bank-fintech partnerships.
- ColumnChartered bank and API platform with direct bank infrastructure.
- GalileoScaled issuing and payments processor owned by SoFi.
- StripeBroader payments platform with issuing, treasury, and embedded finance products.
Synctera — frequently asked questions
