Synctera raises $15M to help companies launch embedded banking products in Canada

Synctera, a banking-as-a-service startup, has raised an additional $15 million as it expands into Canada.
NAventures, the corporate venture arm of National Bank of Canada, led the financing, which brings Synctera’s total raised to $60 million since its June 2020 inception. Private equity firm The Banc Funds and sponsor bank partners Veritex Community Bank, Midland States Bank and Emigrant Bank also participated in the round.
In June of 2021, Synctera raised $33 million in a Series A round of funding led by Fin VC.
As part of the latest funding announcement Synctera said is also announcing that

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