CapSync is a digital finance hub that aggregates data from over 12,000 financial institutions, providing real-time personal financial statements and facilitating secure document management. The platform enhances collaboration between wealth managers and clients, streamlining the credit application process and enabling informed investment decisions through comprehensive portfolio sharing and investor accreditation services.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Lenders and financial institutions face challenges in efficiently gathering a comprehensive view of applicants' financial data from disparate sources, leading to manual work, delays, and increased risk in credit application and investor vetting processes. Wealth managers also struggle to gain a holistic, real-time understanding of their clients' portfolios, hindering their ability to provide tailored investment strategies and proactive financial guidance.
Solution
CapSync is a digital finance hub that streamlines financial verification by aggregating real-time data from over 12,000 financial institutions, providing a consolidated view of a user's financial standing. The platform enables users to connect and share their financial data directly with lenders and financial institutions, simplifying the credit application and investor vetting processes. CapSync also facilitates collaboration between wealth managers and clients by providing a 360-degree view of the client's finances, enabling informed investment decisions and tailored strategies. The platform also offers tools for investor accreditation and qualification, providing secure and reliable verification services.
Target Audience
CapSync targets lenders, financial institutions, wealth management firms, family offices, private equity and venture capital firms, real estate investment companies, and tax planning and legal/estate planning professionals.
Features
- Account Aggregation: Direct connection to over 12,000 financial institutions for real-time balance and transaction tracking.
- File Management: Secure storage, sharing, and auditing of financial documents, such as custodian statements and tax documents.
- Portfolio Sharing: Direct portfolio synchronization and sharing with financial institutions to streamline credit applications and investor vetting.
- Investor Accreditation: Rule 506(c) and Rule 506(b) accredited investor and qualified purchaser verification and certification services.
- Business Reports: Integration with QuickBooks Online to incorporate business assets and reports into personal financial statements.
- Credit Report: Access to Experian credit insights, including reports, scores, analytics, monitoring, and fraud protection.
- Digital PFS: Access to real-time personal financial statements, providing visibility into asset holdings, liquidity, liabilities, and net worth.