By Aisling Finn on Thursday 24 September 2020
Open banking-focused fintech sync. Has set its sights on European expansion as it enters two new markets with the help of TrueLayer.
Financial API provider TrueLayer has further extended its partnership with open banking fintech sync.
As part of the collaboration, TrueLayer will now help sync. expand into France and Ireland, just a month after the pair first announced their partnership to launch the fintech in Spain.
The TrueLayer integrations will allow sync. customers to view all their bank accounts and manage other financial information in the sync. App.
Francesco Simoneschi, CEO and co-founder of TrueLayer said: “sync. is a highly ambitious company using open banking to help consumers do more with their money. By offering insights and tailored recommendations delivered through a seamless experience, it is empowering users to make more informed decisions.”
“We’ve already seen our collaboration broaden to include Spain and we’re happy to now support sync. On its European growth journey as it moves into France and Ireland,” he added.
With TrueLayer, sync. users will be able to see personalised insights into spending across all accounts, credit cards and loans, with information being updated regularly to provide more accurate account information.
Irish sync. users can now connect accounts from the likes of AIB, Permanent TSB, Ulster Bank and Bank of Ireland and French users can connect banks such as Banque Populaire, BNP Paribas, Crédit Agricole, Crédit Mutuel and Société Générale.
Ricky Lee, CEO and co-founder of sync. said: “This is the next step in our mission to connect all our user’s financial accounts across Europe. We’re excited to enable our French and Irish customers to connect their existing bank accounts, allowing them to see all their accounts, all the time.”
“We are looking to expand our list of supported banks even more in the coming months, working with our great partners such as TrueLayer.”
Earlier this year, sync. closed a £5.5m seed and pre-seed round, which it has been using to bolster its beta launch across the European Economic Area.