# Synctera Raises $24.5M for BaaS Growth

> Synctera secures $24.5 million to boost banking-as-a-service partnerships with banks and FinTechs.
- Title: Synctera Raises $24.5M for BaaS Growth · Pymnts | Shortify
- Summary: Synctera secures $24.5 million to boost banking-as-a-service partnerships with banks and FinTechs.
- Keywords: synctera, baas, banking-as-a-service, funding, embedded finance, fin tech, Pymnts
- Source: Pymnts — https://pymnts.com/startups/2026/synctera-raises-25-million-dollars-support-new-baas-demand
- Author: PYMNTS
- Published: 2026-11-06T20:03:26+00:00
- Read time: 1 min
- Topics: synctera, baas, banking-as-a-service, funding, embedded finance, fin tech, business, finance
## Funding Announcement
Synctera raised $24.5 million to support banking-as-a-service partnerships with banks and FinTechs.
## Banking Shift
Banks now ask how to implement BaaS well instead of whether to enter the space.

> Two years ago, banks asked me whether to be in this business at all
## Compliance Strategy
Synctera uses Cable to continuously test compliance across banks and FinTechs.

> Synctera acquired Cable in April 2026, and Cable tests every control continuously
## Embedded Finance Challenge
Banks face ongoing customer data risks after onboarding with embedded finance.

> The research wasn’t BaaS-specific, but it showed how much identity activity now occurs after onboarding
## Key takeaway

Synctera raised $24.5 million to support banks and FinTechs in building durable embedded finance platforms.