Diagram, Banco Popular, Mana Ventures, and NAVentures—the venture arm of the National Bank of Canada—joined in the extension of a $33 million Series A financing for 2021

CEO Peter Hazlehurst, a former executive of Uber Money, Google Wallet, and Yodlee as well as CTO Kris Hansen and director of product Dominik Weisserth, are the creators of Synctera.

Synctera's BaaS platform, which was introduced in 2020, together with its bank partners, assist businesses of all sizes in developing and releasing embedded banking products and fintech apps.

Along with EXO Freight and Firstcard, the company's client roster now includes Brazil's BTG Pactual and Flutterwave. In addition, it has crossed the border thanks to an alliance with National Bank of Canada.

According to the company, the funds will be used to assist scale up its personnel, technology, and processes in order to manage ever-larger and more complicated programs.

Additionally, the business is introducing SyncteraPay, a new tool that enables users to work with any payment provider and centralize and integrate all transaction data into the Synctera Ledger.

Leigh Gross, who was previously employed by Array, Summer, and CommonBond, has been appointed as chief revenue officer in the interim.