Friday, November 22

Tag: SynapseFI

Top 5 Funding of The Week (2nd Sept – 8th Sept)
FUNDING

Top 5 Funding of The Week (2nd Sept – 8th Sept)

Fundraising gives the much-needed support to the startups that they wish for the purpose of growing. Any startup which is established in order to serve its business objective needs fundraising. Fundraising is important for the startups along with the funding procedure. When these two business components come together, they have a rich potential to contribute to the growth of a startup. This week, we witnessed a good amount of funding activities of various known companies and also various investors that led to these funding rounds. Businesses need finance for a variety of different purposes and these companies also raised funds for various needs. The largest amount of funds were raised by robotics company called GreyOrange. The company raised $140 million in its Series C funding round...
US-Based SynapseFI Raises $17 million in Series A Funding Round
FUNDING

US-Based SynapseFI Raises $17 million in Series A Funding Round

A US based startup called SynapseFI that helps banks and fintech companies work together to develop technology has raised funds amounting to $17 million in Series A funding round. The round was led by Trinity Ventures  and Core Innovation Capital. Other unnamed backers also participated in the particular round. However, it has been reported that the deal closed at the back end of last year. But the company was so busy developing new products, hiring and more that the company could not disclose about it then. Founded in 2014, the core product of the company is a platform that helps banks and developers work together. It involves developer-facing APIs that enable companies to connect with banks to offer services, and also bank-facing APIs that allow banks to automate and extend back-en...