Synctera Raises $15M and Acquires Cable to Automate BaaS Compliance

Synctera, a prominent banking-as-a-service and embedded finance provider, announced a $15 million funding round co-led by Fin Capital and Diagram Ventures, bringing its total capital raised to $94 million. Alongside the raise, Synctera disclosed its acquisition of Cable, a compliance verification automation company, signaling a strategic push to embed regulatory technology directly into its BaaS stack. The combined moves address a critical pain point in the BaaS industry — compliance oversight of fintech-bank partnerships — which has been a focus of regulatory scrutiny.

Synctera's platform supports customers including Bolt and Unified Signal, enabling them to offer banking products through partner banks. The Cable acquisition is expected to automate compliance verification workflows across the financial ecosystem Synctera powers. Financial terms of the Cable acquisition were not disclosed.

The round and acquisition together position Synctera as a compliance-forward BaaS provider at a time when regulators are demanding stronger oversight of bank-fintech arrangements.