Syncfy, a leading Open Finance platform based in Mexico has secured $10 million in seed capital to expand across Latin America.
Syncfy's platform offers financial data aggregation and enrichment services through its integrations, Connect, Fiscal, Stamping and Payments, and is used by large banks and enterprise software companies, such as BBVA and Intuit, as well as fintech start-ups.
The funding will allow Syncfy to invest in regional business development in Latin America, expand its product range, and launch payment initiation solutions in key markets.
Syncfy CEO Gerardo Treviño said the company plans to expand its customer base in Argentina, Brazil and Colombia, and bring financial automation to more partners across the region.
The round was led by Steven A. Cohen’s Point72 Ventures fund, with participation from JAM Fund, Ausum Ventures, Avalanche Ventures, FJ Labs, MANTIS Venture Capital and XBTO Humla Ventures.