The funding will be used for geographic expansion and to launch new product offerings in data aggregation, enrichment, and analytics as well as payments infrastructure.

Syncfy, a leading open finance platform in Latin America, today announced $10 million in Seed funding. The investment round was led by Point72 Ventures and includes investments from JAM Fund, Ausum Ventures, Avalancha Ventures, FJ Labs, MANTIS Venture Capital, and XBTO Humla Ventures. Notable angel investors include Tether Co-Founder Brock Pierce and Quantum Artificial Intelligence Engineer Hartmut Neven.

Syncfy's platform enables single API access to financial data from 125+ different banks, digital wallets, tax authorities, utility providers, crypto exchanges, and blockchains across 15+ countries in Latin America, as well as internationally. The company currently provides financial data aggregation and enrichment across its Connect, Fiscal, and Invoice Stamping API integrations.

Some of Syncfy's customers include large banks and enterprise software companies such as BBVA and Intuit, as well as fast-growing startups including fintech unicorn Clara. Key customer use cases include personal financial management, credit underwriting, and accounting / tax integrations, amongst others.

This round of financing will enable Syncfy to invest in regional business development across Latin America and broaden its product suite. While the company was a first mover in Mexico, Syncfy plans to expand its customer base in Argentina, Brazil, and Colombia in particular. The company also plans to launch payment initiation solutions in key markets, enabling interoperable access to financial data as well as the seamless transfer of funds via API.

Syncfy, a subsidiary of Paybook, is Latin America's leading open finance platform. Through a single API, Syncfy allows customers to access data from 125+ different financial institutions and service providers across 15+ countries in Latin America and internationally. Syncfy also offers an all-in-one solution that enables customers to accept multiple payment methods, including crypto, within their app or platform.

Point72 Ventures is a global venture capital strategy led by a diverse set of domain experts with the capital and mandate to lead rounds through all stages of a company's growth, from idea to IPO. Point72 Ventures offers entrepreneurs access to expertise and insights, executive and technical talent, and hands-on support. Point72 Ventures is an affiliate of Point72, the global asset manager founded by Steven A. Cohen.