Fintech start-up SynapseFI has raised $17m to develop a platform to help banks and fintech developers work together using developer-facing and bank-facing application programming interfaces. Trinity Ventures and Core Innovation Capital led the series A funding round. SynapseFI wants to make it possible for everyone to have access to high-quality financial products, said CEO Pathak. It initially wants to make financial products “like Lego bricks”, he added, so banks can easily add new products and services. The company says it has processed more than $10bn in transactions and brought banking services to more than 1.5 million people.
Fintech start-up SynapseFI has raised $17m to develop a platform to help banks and fintech developers work together using developer-facing and bank-facing application programming interfaces. Trinity Ventures and Core Innovation Capital led the series A funding round. SynapseFI wants to make it possible for everyone to have access to high-quality financial products, said CEO Sankaet Pathak. It initially wants to make financial products “like Lego bricks”, he added, so banks can easily add new products and services. The company says it has processed more than $10bn in transactions and brought banking services to more than 1.5 million people.