Multiplier Capital provided about $15m of venture debt to Synctera as part of a $24.5m Series A extension announced on 6 November 2026, according to a This Week in Fintech interview with Synctera co-founder and chief executive Peter Hazlehurst. Hazlehurst said about $9.5m of the package was equity, led by NAventures, 1st & Main Growth Partners, Diagram and Fin Capital.
The financing will support operations and product development as Synctera works toward break-even, which Hazlehurst said could come in early 2027. The company also cited balance sheet capacity expected by sponsor banks and product roadmap work, including Synctera Labs, real-time payments and stablecoins.
Synctera is a San Francisco-based banking-as-a-service and embedded finance software platform. It connects fintech companies with community and sponsor banks through a multi-bank model and is not itself a bank.
The company launched in 2020. Its recent activity includes the addition of Main Street Bank in Massachusetts as a sponsor bank, the acquisition of compliance testing company Cable in April 2026, and the introduction of Synctera Labs for early-stage fintechs in October.
Synctera has disclosed total funding of $126.7m. Its earlier rounds include a $33m Series A in June 2021 led by Fin VC, now Fin Capital; a $15m strategic investment in March 2023 led by NAventures for its Canada expansion; an $18.6m Series A-1 extension in March 2024 co-led by Lightspeed and Fin Capital; and a further $15m equity extension in March 2025 co-led by Fin Capital and Diagram Ventures.
Multiplier Capital is a US venture debt and growth financing platform that describes itself as having more than $1bn of growth financing capacity. The firm says its team has deployed capital across more than 170 transactions. In March 2026, it provided undisclosed venture debt to enterprise voice AI company WellSaid.
Ash Vaidya, managing director at Multiplier Capital, said: "Embedded finance only works when banks can trust what's happening on their charter, and Synctera has built its platform around exactly that: an independent ledger, automated reconciliation and, with Cable, continuous compliance testing."