Synctera is a banking technology platform that provides APIs for building and scaling embedded banking and fintech products, including bank accounts, card programs, and payment solutions. It enables community banks and fintech companies to maintain direct relationships while ensuring compliance and operational oversight through an intuitive user interface.
Funding
$76.8M 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.
FCFounders
Product
Problem
Nonprofit organizations and fiscal sponsors often struggle with fragmented financial management systems, leading to inefficiencies in accounting, banking, compliance, and fundraising. Traditional methods can be time-consuming, error-prone, and lack real-time visibility into project and program finances. This complexity hinders their ability to focus on their core mission and can strain relationships between projects and sponsors.
Solution
Mazlo offers a unified financial platform designed specifically for nonprofits and fiscal sponsors, streamlining their financial operations and fostering closer relationships between projects and sponsors. The platform provides bespoke checking accounts, easy-to-use accounting tools, and smart cards to ensure transparent and controlled spending. Mazlo automates ACH, EFT, and vendor payments, eliminating delays associated with paper checks, and offers real-time access to project and program balances, along with up-to-date financial reports. Built-in compliance guardrails and audit-ready logs help organizations auto-enforce policies on every transaction, while integrated donation and revenue tracking syncs donations directly with accounting, reducing reconciliation time.
Target Audience
Mazlo primarily targets nonprofit organizations and fiscal sponsors seeking to streamline their financial management processes, improve transparency, and foster stronger relationships with their sponsored projects.
Features
- Bespoke checking accounts tailored for nonprofit organizations
- Real-time financial dashboards providing instant visibility into project and program balances
- Automated ACH, EFT, and vendor payment processing
- Smart cards for transparent and controlled spending
- Integrated donation and revenue tracking that syncs directly with accounting systems
- Compliance tools with built-in guardrails and audit-ready logs
- Flexible adoption options that work with existing systems
- Data export functionality in CSV/Excel format
- Mobile app for banking