📝 Synctera raises $15M

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Banking-as-a-service startup Synctera secured a $15 million funding round, pushing its total raised to $94 million despite last year’s Synapse collapse shaking the industry. CEO Peter Hazlehurst says the funds will drive the company toward breakeven by early 2026. Synctera saw an 80% revenue boost and a 230% increase in gross profit year-over-year, with 416,000 end users—a 3x jump. The startup differentiates itself with compliance-focused infrastructure and is expanding sales and product development while eyeing growth in Latin America, where demand is rising.

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