SAN FRANCISCO – (COMMERCIAL THREAD) –Synctera, a new FinTech Banking solution, launched today t-minus10, an innovation that allows any developer to create an end-to-end FinTech application in a few days, including card issuance. t-minus10 will dramatically reduce time to market for FinTechs by giving them the tools to prototype, test with maps and live accounts, and set up a waitlist. With that in hand, a FinTech now has a much easier path to finding its ideal partner bank and set of investors before launch.
“For most FinTech startups, their story begins with a crazy idea, an ambitious founder or two and a few determined developers,” said Peter Hazlehurst, CEO of Synctera. “We launched t-minus10 to make these ideas happen as quickly as possible. Everything we build is about preparing these teams for success and getting them to market faster. ”
The developers asked. Synctera Delivered. Pre-launch support with t-minus10
With t-minus10, developers will be able to create their FinTech on the Synctera platform, issue virtual or physical cards in a few days and start testing their MVP or beta, all before even committing to a bank or obtain financing. Historically, there was no way to test a debit card program, send an ACH, or transfer funds to a debit card in the real world. Life was sandboxes and theory. Experimentation and prototyping were indeed impossible. t-minus10 solves the founder’s enigma: banks want them to be financed by venture capital, and VCs know that the banking offer is limited and therefore require a partnership with a sponsor bank.
What do you need when your first idea arises? A pre-engaged community of FinTech customers for your idea. Synctera is launching Synctera Waitlist today, a simple, free integrated platform designed to capture initial interest and encourage pre-engagement and rankings to virally prepare for launch day. With Synctera Waitlist, FinTechs can identify and interact with early potential users, keep them informed via an email subscription, reward them for referrals and onboard clients to pilot phases in a controlled manner.
Visit www.tminusten.com to register. Synctera is offering the first debit card issued for every $ 100 FinTech t-minus10 swipe or tap for a coffee, burger or bottle of wine to help you test in the real world, before launch!
For a limited time, we are offering great promotions to join our waiting list. Be one of the first 20 developers to sign up and get an additional $ 150 preloaded into your account to test your service ($ 250 in total).
Spread the love, skip the line. Refer your friends and move up the leaderboards for a chance to preview t-minus10 and cash prizes. For every successful referral, you’ll earn a spot on the list for even earlier access. The first three people on the waiting list at the end of the promotion period will win cash prizes of $ 5,000, $ 3,000 and $ 2,000 respectively.
Ready to launch and be associated with a partner bank on the Synctera marketplace? Synctera is offering $ 5,000 to the first FinTech launched via t-minus10, so get started with prototyping!
Simplified card production and personalization thanks to the partnership with Arroweye Solutions
Synctera is also pleased to announce its partnership with Arroweye Solutions, which will enable the production and execution of on-demand physical cards on the Synctera platform. Arroweye’s flexible and on-demand capabilities make it easy for fintechs to create flexible card designs, including the ability to have one custom photo / image per card.
Expanding FinTech Banking Services for Businesses
Building on its strong momentum in supporting FinTechs for consumers since its launch in late 2020, Synctera is expanding its platform to support FinTechs serving business customers, signing TipHaus as the first business-focused FinTech on the market. Synctera platform, and Middesk as a strategic partner for Know Your Business Services (KYB).
Using Synctera’s platform, FinTechs can now automatically verify business customers using primary government source data with Synctera KYB. Synctera’s platform has also been enhanced to support FinTechs who want to offer paid deposit accounts to their home or business clients. Business accounts include support for multiple debit card holders, separate spending limits, and dedicated sub-accounts for employees. Synctera’s single market approach also helps match business-focused FinTechs with the right banking partner, while equipping them with the banking infrastructure to quickly access the market, streamline day-to-day operations and stay compliant.
“We are seeing strong demand from FinTechs looking to serve business customers in cool and innovative ways,” said Peter Hazlehurst, CEO of Synctera. “We have therefore added several new features to the platform to meet the needs of this huge and exciting segment. ”
To support its Business offering, Synctera turned to Middesk to automate over 50% of KYB decisions without the need for manual analysis, 5 times more than the next best supplier.
Connect with us at Money 20/20
Join Synctera CEO Peter Hazlehurst at Money 20/20 for his keynote presentation, where he will discuss these developments in more detail.
FinTech Banking: Banks and FinTechs team up to win
Monday, October 25
9:15 a.m. to 9:35 a.m.
Immersion stage, exhibition room, level 2
Community banks and FinTechs are encouraged to contact through Synctera’s website to learn more about how best to work together. For more information, please visit www.synctera.com.
For visual resources, founders’ biographies and portraits, FAQs and more, please access the media kit here.
Synctera brings together banks and fintechs through a market model and provides a technology platform that allows them to partner more effectively and efficiently, reducing risk and accelerating time to market. Launched in 2020, the company was co-founded by CEO Peter Hazlehurst, former head of Uber Money, head of Google Wallet and CPO at Yodlee, as well as CTO, Kris Hansen and head of product, Dominik Weisserth. For more information, please visit www.synctera.com.
Based in San Francisco, California, Middesk makes it easy to verify the legitimacy of any business. By providing reliable access to Secretary of State’s data in all 50 states, Middesk enables innovative companies to accelerate their integration while managing risk at scale. Middesk’s corporate identity product applies modern data science and machine learning techniques with trusted data sources to verify corporate identities in real time, improving coverage rates while reducing costs. manual review deadlines. Middesk is supported by Sequoia Capital and Accel Partners. To learn more, visit middesk.com.
About Arroweye Solutions
Arroweye Solutions is a unique card production, personalization and fulfillment organization with true digital printing on demand “small runs” and “large orders”, zero waste and zero inventory costs. The results are clear when you partner with Arroweye: Increase program speed to market, adoption rates, and profitability. Founded in 2000 with an entrepreneurial culture, Arroweye has assembled the best team of experts who have the drive to innovate and the commitment to help our clients grow. Arroweye is a payment technology company that is constantly bringing innovation and new ideas to every solution we offer. To learn more, visit arroweye.com.