SynapseFI raises $17M to develop its fintech platform

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SynapseFI, the San Francisco-based startup that helps banks and fintech companies to develop technology, has raised a $17 million in a Series A funding round led by Trinity Ventures and Core Innovation Capital.

Even though the funding was closed at the back end of last year, the company didn’t get a chance to disclose the deal as it was busy with developing new products and hiring, according to a blog entry by its CEO Sankaet Pathak.

Pathak also adds that the firm looks to “change banking from a lending or transactions business to a SaaS business”.

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