Sync. eyes European domination as it launches in Lithuania and Germany

By Aisling Finn on Thursday 14 January 2021

Digital Banking

Sync. is deepening its involvement in Europe with the help of fellow fintech TrueLayer.

Sync. eyes European domination as it launches in Lithuania and Germany
Image source: Ricky Lee/sync.

Open-banking powered fintech sync. has touched down in two more European countries with the help of financial API provider TrueLayer.

Through TrueLayer, sync. has already launched in several European countries, including France, Ireland and Spain, with the fintech also laying the groundwork in the Middle East after joining the first-ever Qatar Fintech Accelerator programme in October. 

Ricky Lee, CEO and co-founder of sync., said: “This latest expansion means that our customers can connect even more of their accounts into sync. to see all their money, all the time.”

“As well as continuing to expand open banking across Europe, new sync. customers in Qatar will be able to connect their local banks in sync. very soon.”

With TrueLayer, sync. users will see personalised insights into spending across all accounts, credit cards and loans, with information being updated regularly to provide more accurate account information.

Jamie Morton, TrueLayer’s UK country manager and most recent hire, teased upcoming company announcements and product launches, as well as European expansion when he caught up with AltFi earlier this week.

“Having already launched in France, Ireland and Spain, the addition of German and Lithuanian banks is a further step towards sync.’s ultimate goal of helping customers across Europe budget, manage and track their money from one dashboard, as one experience,” Morton said.

Back in August 2020, sync. closed a £5.5m pre-seed round allowing it to officially launch, after having delayed its March launch because of the coronavirus pandemic, and set its sights on European and Middle Eastern expansion. 

At the beginning of September, just a month shy of its funding announcement, sync. received its e-money and open banking licences from the Financial Conduct Authority.

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