Synapse: Raised $33 mn in a series B round

Synapse: Raised $33 mn in a series B round

Synapse: San Francisco-based fintech start-up, raised $33 mn led by a16z for back-end fintech

  • Synapse received $33 mn from a16z, with existing investors Trinity and Core
  • This brings its total raised to $50 mn, following a $17 mn series A round in 2018
  • They provide payment, lending, and investment products as APIs to financial companies
  • It also intends to launch a brokerage accounts product to enhance its loan origination
  • The firm plans a chatbot platform to answer customer questions, along with self-servicing tools for developers
  • As a part of the series B, a16z’s Angela Strange and Michael Hoffmeyer, have joined Synapse’s board of directors