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SynapseFI description
SynapseFI is a banking platform designed for businesses to integrate financial services into their existing products. It offers a suite of tools to manage deposits, payments, card issuance, and lending programs through a single API. This allows companies to launch and scale their own financial products, such as debit cards or lending programs, without needing to build the infrastructure themselves. SynapseFI operates as a regulated financial institution, ensuring compliance and security for its clients.
Who is SynapseFI best for
SynapseFI is a banking platform tailored for businesses seeking to embed financial services. It offers tools to manage deposits, payments, cards, and lending through a single API. This empowers companies to launch financial products without building the infrastructure. SynapseFI operates as a regulated financial institution, ensuring compliance and security.
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Best for medium-sized businesses.
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Ideal for fintech startups looking to integrate financial services.
SynapseFI features
| Supported SynapseFI allows opening accounts via its Deposit Hub platform and API. |
| Supported SynapseFI supports loan applications through its Credit Hub and loan issuance features. |
| Supported SynapseFI supports mobile payments via integration with mobile wallets like Apple Pay and Google Pay. |
| Supported SynapseFI allows managing account details, including contact information and login credentials, through its API. |
| Supported SynapseFI disburses loans via ACH through its Credit Hub. |
| Supported SynapseFI offers virtual card issuing for disbursements. |
SynapseFI alternatives
SyncteraHas slightly more momentum. Offers core banking technology, Apple Pay support, and a unified banking data view.Read more
ServiceNow Financial Services OperationsBetter fit for larger enterprises. Focuses on streamlining internal financial operations, not embedded finance solutions. Has significantly more momentum.Read more
BrexBetter for spend management and expense reporting with AI-powered automation. More suitable for a wider range of industries including healthcare, e-commerce, and retail. Has more user reviews and a slightly higher average rating on Glassdoor. Offers corporate cards, expense management software, and business banking.Read more
FinfluxMore focused on lending solutions for financial institutions. Has grown faster in website traffic and employee base. Users appreciate the customizable lending solutions, scalability, and ease of use. However, some users mention slow customer support and complex reporting.Read more
FlinksMore focused on data analysis and risk assessment. Has stronger ratings and is growing faster, particularly in website traffic. Primarily serves larger enterprises.Read more
FlowXBetter for larger financial institutions. Focuses on modernizing systems and processes through AI. Has growing momentum in employee growth.Read more
SynapseFI FAQ
What is SynapseFI and what does SynapseFI do?
SynapseFI is a banking platform enabling businesses to embed financial services into their products. It offers a single API to manage deposits, payments, cards, and lending, allowing companies to build and scale financial products like debit cards or loan programs without managing the infrastructure.
How does SynapseFI integrate with other tools?
SynapseFI integrates with other tools primarily through its API. This single API allows businesses to connect their existing products and manage various financial services, including deposits, payments, card issuance, and lending programs.
What the main competitors of SynapseFI?
SynapseFI's main competitors include Synctera, Flinks, Finflux, Brex, and finhost. These platforms offer similar financial services, such as API-driven banking, lending solutions, and financial data analysis tools. They cater to businesses seeking to integrate financial services into their products or enhance existing offerings.
Is SynapseFI legit?
SynapseFI appears to be a legitimate banking platform. However, user reviews on platforms like Glassdoor and Trustpilot are mixed. Consider exploring alternatives like Synctera or ServiceNow Financial Services Operations depending on your specific needs.
How much does SynapseFI cost?
SynapseFI does not publicly disclose its pricing. Contact their sales team for a custom quote based on your specific business needs and product requirements.
Is SynapseFI customer service good?
SynapseFI's customer service receives mixed reviews. Some users appreciate the dashboard and services for niche products. However, others report inconsistent support, especially during API outages, leading to an overall mixed experience.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.