Synctera Raises $24.5M to Expand BaaS and Embedded Finance Platform

Synctera raised $24.5 million on Nov 6, 2026, bringing total funding to $126.7 million. The round drew participation from Multiplier Capital, Fin Capital, 1st & Main Growth Partners, Diagram, and NAventures. Synctera operates a BaaS and embedded finance platform connecting sponsor banks with fintechs.

The company said the new capital will go toward growing its sponsor-bank and fintech network, strengthening compliance infrastructure, and reaching break-even. The raise comes amid what the company describes as accelerating demand and renewed bank interest in BaaS and embedded finance. Synctera plans to use the funds to deepen its platform capabilities across accounts, payments, and compliance tooling.