📝 Synctera raises $15M

Liam Gill
March 12, 2025

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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.

The Evolution of VC Core Competencies
When I was entering VC (2012) we were coming off the age of the “technologist”. The core risk of most startups was technology/product risk thus the core strength of a VC was their ability to understand/underwrite/mitigate that risk. Most VC… x.com/i/web/status/1…
— Rick Zullo (@Rick_Zullo)
1:36 PM • Mar 11, 2025

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