7 June 2019

Africa: Fintech Platform Synapse Raises U.S.$33 Million to Build 'The AWS of Banking'

Synapse, a San Francisco-based startup that operates a platform enabling banks and fintech companies to easily develop financial services, has closed a $33 million Series B to develop new products and go after international expansion.

The investment was led by Andreessen Horowitz, with participation from existing backers Trinity Ventures and Core Innovation Capital . Synapse -- which recently rebranded (slightly) from "SynapseFi" -- announced a $17 million Series A back in September 2018, so this deal takes it to $50 million raised to date.

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