Syncfy, a startup that, through an API, allows other companies to access customer data in more than 100 financial institutions in LatAm, announced a US$10 million seed round led by Steven A. Cohen’s Point72 Ventures.

According to the company’s press release, other participating funds include JAM Fund, Ausum Ventures, Avalancha Ventures, FJ Labs, Mantis Venture Capital, and XBTO Humla Ventures. And among the angel investors were Brock Pierce, known in the crypto world, and Hartmut Neven, director of engineering at Google.

 

Gerardo Treviño, CEO and founder of Syncfy (Photo: Syncfy).

 

Syncfy’s clients include BBVA, Intuit, and Latin American fintech Clara and Xepelin. Based in Austin, Texas, the company was founded by Mexican Gerardo Treviño as a subsidiary of his company Paybook, founded in 2015 and with US$2 million raised, according to Crunchbase data.

Treviño, who also serves as CEO, said the new funding “will enable Syncfy to meet the demand and bring financial automation to even more partners across the region.” He added that they are grateful to work with investors who share their vision “to build the gold standard of open finance in Latin America and beyond.”

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