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Synctera description
Synctera is a banking platform that helps companies build and launch their own financial products. Through a single set of APIs, businesses can access tools for bank accounts, card programs, money movement, lending, and more. Synctera focuses on simplifying the process of integrating with banks and managing compliance, making it easier for companies to launch and scale their financial offerings. It allows businesses to either partner with a bank in Synctera's network or bring their own banking partner.
Who is Synctera best for
Synctera is a banking platform that empowers businesses, especially startups, to build and launch financial products. It simplifies connecting with banks and managing compliance through a single API, offering tools for accounts, cards, payments, and lending. This allows companies to focus on scaling their financial offerings.
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Best for startups and small businesses.
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Ideal for fintech companies looking to embed financial services.
Synctera features
| Supported Synctera supports issuing and using physical cards. |
| Supported Synctera offers API access for integration and data access. |
| Supported Synctera facilitates account opening through KYC/KYB checks and account management. |
| Supported Synctera automates KYC processes for LCB-FT compliance using various integrated tools. |
Synctera pricing
The commentary is based on 1 reviews from Synctera G2 reviews.
Synctera offers cost savings, particularly beneficial for startups unable to afford traditional core banking infrastructure. While pricing details aren't readily available, reviews suggest it provides valuable access to banking services and regulatory support at a manageable cost.
See the Synctera pricing page.
Synctera alternatives
RazorpayBetter suited for businesses focused on the Indian market. Offers more payment options, including UPI and Indian wallets. Has faster employee growth, indicating more momentum. However, users report slower customer support and a difficult onboarding process.Read more
Token.ioMore focused on connecting to banks and accessing financial data. Better for streamlining services like "Pay by Bank". Has higher ratings on Glassdoor. Is growing slower.Read more
HufsyBetter for businesses focused on simplifying financial operations and gaining insights into financial status.Read more
Synctera FAQ
What is Synctera and what does Synctera do?
Synctera is a banking-as-a-service platform empowering businesses to create and launch financial products. It provides APIs for bank accounts, cards, payments, and lending, simplifying bank integration and compliance. Synctera caters to fintechs and companies embedding financial services, especially startups.
How does Synctera integrate with other tools?
Synctera integrates with other tools primarily through its API access. This allows businesses to connect their existing systems to Synctera's platform for seamless data exchange and process automation. It simplifies the integration with banks and managing compliance.
What the main competitors of Synctera?
Synctera's main competitors include SynapseFI, offering similar banking-as-a-service capabilities, and AAZZUR, focusing on embedded finance solutions. Other alternatives like Razorpay, finhost, Melio, and Token.io offer related financial services but cater to different niches.
Is Synctera legit?
Yes, Synctera is a legitimate banking platform that helps companies build and launch financial products. It simplifies bank integration and compliance management through its API access, KYC automation, and account opening process. However, keep in mind that user reviews on G2 and Glassdoor average around 3.5 out of 5 stars.
How much does Synctera cost?
Synctera doesn't publicly disclose its pricing. Contact their sales team for a custom quote based on your specific business needs. Consider exploring alternatives if transparent product pricing is important to you.
Is Synctera customer service good?
There is no information available about Synctera's customer service.
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.