Syncfy provides an API that integrates open financial data and payment processing, enabling secure access to transactional information from banks, digital wallets, and service providers. This solution streamlines financial operations for businesses by automating data aggregation and facilitating electronic invoicing, thereby enhancing efficiency and compliance.
Funding
$10M 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.
PVFounders
Product
Problem
Businesses face challenges in efficiently accessing and integrating financial data from disparate sources like banks, digital wallets, and service providers. This complexity hinders automation, increases operational overhead, and complicates compliance efforts.
Solution
Syncfy offers an API solution that aggregates open financial data and payment processing functionalities, providing secure access to transactional information from various financial institutions and service providers. This unified API streamlines financial operations by automating data aggregation from sources like bank accounts, digital wallets, crypto exchanges, and fiscal data providers. Syncfy facilitates electronic invoicing and payment processing, enhancing efficiency and ensuring compliance with financial regulations. The platform's secure infrastructure and encryption protocols ensure data privacy and protection throughout the integration process.
Target Audience
Syncfy primarily targets businesses, ERP providers, accounting software companies, and financial institutions seeking to streamline financial data aggregation and payment processing.
Features
- Unified API for aggregating financial data from diverse sources
- Secure connectivity to personal and business bank accounts
- Transactional data retrieval from digital wallets (e.g., PayPal, Bitso)
- Access to fiscal information, including CFDI, with keyword search functionality
- Integration with blockchain networks for extracting read-only information
- Electronic invoice stamping with multiple authorized certification providers (PACs)
- Payment processing solutions, including card processing and electronic transfers
- ISO 27001 certified security with 256-bit AES encryption