Synctera, a banking-as-a-service provider, has secured US$15 million in a funding round co-led by Fin Capital and Diagram Ventures, bringing its total funding to US$94 million since 2020.

Existing investors, including First & Main, Evolution, and True Equity, also participated.

The funds will be used to enhance its platform for larger customers.

As part of its growth, San Fransisco-based company has onboarded its largest customer, Bolt, which will collaborate with Midland States Bank to offer financial services.

The company has also partnered with Hawk to integrate AI-based anti-money laundering (AML) and counter-terrorism financing (CFT) solutions into its platform, strengthening risk management and compliance.