Synapto provides a single API integration that connects software platforms to payment providers, enabling rapid onboarding and enhanced revenue sharing for independent software vendors. This solution addresses the lengthy integration timelines and suboptimal payment rates that software companies face, allowing them to offer better deals to their customers while maximizing their payment income.
Funding
Funding not disclosed
Founders
Product
Problem
Software platforms often face lengthy integration times and suboptimal payment rates when connecting to payment providers. This can prevent them from offering competitive deals to their customers and maximizing their revenue from payments.
Solution
Synapto offers a single API integration that connects software platforms to multiple payment providers, streamlining the onboarding process and improving revenue sharing. This allows software companies to integrate in days instead of months, access better payment rates, and launch their own branded payment products. Synapto also provides tools for digital merchant onboarding, integrated payment flows, and AI-powered customer experience enhancements. By aggregating the volume of multiple software platforms, Synapto negotiates better rates with payment providers, increasing the payment income for software platforms.
Target Audience
Synapto primarily targets software platforms (ISVs) looking to streamline payment integration, improve revenue sharing, and offer integrated payment solutions to their customers. Synapto also targets acquirers looking to expand their reach into the ISV market.
Features
- Single API integration for connecting to multiple payment providers
- Digital merchant onboarding with a no-code interface
- White-label mobile app for customers to manage payments and accounts
- Software Development Kits (SDKs) for integrating payments into software
- AI-powered customer experience tools
- Management dashboards for tracking onboarding and revenue
- Support for integrating with physical payment terminals
- Revenue share split, not buy rate deals