Syncfy
Syncfy is a Latin American open finance API platform, operated as a subsidiary of Paybook, Inc., that aggregates banking, fiscal, and wallet data and processes payments across ~12 countries for banks, ERP/accounting vendors, fintechs, and enterprises like BBVA and Intuit.
- Company typePrivate
- Founded2016
- HeadquartersAustin, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Syncfy does
Syncfy is a Latin American open finance API platform, operated as a subsidiary of U.S. parent Paybook, Inc., that aggregates financial and fiscal data and processes payments across approximately 12 countries with primary concentration in Mexico. The platform exposes a RESTful API and embeddable widget that connect third-party applications to 92 integrations spanning banks, credit/debit cards, digital wallets (PayPal, Bitso, Mercado Pago, Cetes), government tax authorities (SAT in Mexico, AFIP in Argentina), identity registries (RENAPO, INE), pension systems (AFORE), payment networks (SPEI), and cryptocurrency exchanges. Its three product lines are Open Data (financial and fiscal data aggregation delivered as read-only JSON), Payments (card processing, POS terminals, payment links, and electronic transfers including crypto support), and Stamping (CFDI 4.0-compliant electronic invoicing using multiple PAC providers with load balancing for 24/7 availability).
The business model combines usage-based API pricing for data aggregation, transaction fees on payment processing, and subscription tiers for e-invoice stamping, with quote-based custom pricing for enterprise customers. Go-to-market is hybrid: self-service developer onboarding through a dashboard and SDKs distributed via npm, plus enterprise field sales targeting financial institutions (BBVA), large technology platforms (Intuit), ERP/accounting vendors (Alegra, Microsip, Xubio), and fintechs (Clara). Distribution is reinforced by an integration partner channel where accounting and ERP software embed Syncfy into their stacks, and event-driven demand generation through FINNOSUMMIT Connect and OpenFinanceMarket sponsorships.
The company is venture-backed with a $10 million seed round closed in December 2022 led by Point72 Ventures and supported by FJ Labs, JAM Fund, Ausum Ventures, Avalancha Ventures, MANTIS Venture Capital, and XBTO. It is led by founder and CEO Gerardo Treviño (also founder and CEO of Paybook), with Rafael Fong as co-founder and lead developer, Daniel Molano as Chief Growth Officer, and Beatriz Duran as VP of Business Development. The platform claims ISO 27001 certification, 14+ years of operational history, 200,000+ daily logins, and millions of electronic invoices processed per month.
Syncfy firmographics
Firmographics- Name
- Syncfy
- Legal name
- Paybook, Inc.
- Website
- https://syncfy.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Syncfy is a Latin American open finance API platform, operated as a subsidiary of Paybook, Inc., that aggregates banking, fiscal, and wallet data and processes payments across ~12 countries for banks, ERP/accounting vendors, fintechs, and enterprises like BBVA and Intuit.
- Ownership category
- akta.pro rank
Syncfy industry classification
Industry- Product category
- Open Finance API Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Finance Services (6199)
- akta.pro primary industry
- POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)
- akta.pro secondary industries
- Cross-Border & FX Payments Platforms (BPAMAFAK), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where Syncfy is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Syncfy business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- API Access and Data Aggregation: Revenue generated from providing API access to financial data aggregation services. Customers pay based on usage volume and data plan tiers for accessing banking, fiscal, and digital wallet data through the Syncfy API.
- Payment Processing: Fees from payment processing services including card transactions, point-of-sale terminals, payment links, and electronic transfers. Supports both fiat and cryptocurrency payment methods.
- E-Invoice Stamping: Revenue from electronic invoice stamping services using multiple PAC providers. High-availability service with load balancing ensures continuous operation for issuing and stamping tax documents.
- Data Plans and Billing: Subscription-based data plans with billing managed through the Syncfy Dashboard. Customers select from tiered plans based on data volume needs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Custom enterprise and developer pricing based on usage volume |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Syncfy product offering
Product offeringCore offering
Syncfy is a RESTful API platform that provides open finance solutions integrating open data and payments, acting as a bridge connecting third-party applications with financial institutions and payment services across Latin America. The platform offers three core solutions: Open Data (financial and tax data aggregation from banks, digital wallets, and government authorities), Payments (card processing, POS terminals, payment links, and SPEI electronic transfers), and Stamping (24/7 electronic invoice stamping via multiple PACs with load balancing for CFDI compliance).
Product overview
Syncfy is a Latin American open finance API platform that provides a unified suite of three integrated solutions: Open Data (for financial and tax data aggregation from banks, digital wallets, and government authorities), Payments (for card processing, POS terminals, payment links, and electronic transfers), and Stamping (for electronic invoice issuance and certification). The platform acts as a bridge connecting third-party applications with financial institutions and payment services, offering 92 integrations with a 97% connectivity success rate across Latin America.
Differentiator
Problem solved
Functional benefit
Products and services
- Open Data
Quantifiable outcome
- 97% connectivity success rate
- +3 more outcomes
Companies that use Syncfy
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles4 records
Syncfy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration13 records
AI capability2 records
Feature6 records
Syncfy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- BBVAcoreBBVA uses Syncfy's Open Finance Data Aggregation solutions to deliver financial services to customers. Alejandro Servín (Head of Open Banking at BBVA) and Daniel Molano (Chief Growth Officer at Syncfy) have spoken jointly at FINNOSUMMIT Connect about the future of Open Finance automation.
- Finnosummit / FinnovistacoreSyncfy serves as a major sponsor and participant in FINNOSUMMIT Connect, the premier fintech industry event in Latin America. This partnership provides visibility, lead generation, and thought leadership opportunities.
- Multiple PAC ProviderscoreSyncfy connects to multiple PACs (Proveedores Autorizados de Certificación - Authorized Certification Providers) for high-availability e-invoice stamping services. This multi-PAC approach provides load balancing and failover capabilities for continuous service.
- AMITI (Asociación Mexicana de Fintech)minorSyncfy is a member of AMITI, the Mexican Fintech Association, demonstrating commitment to industry standards and collaboration in the Mexican fintech ecosystem.
Scale indicators8 records
Recent moves8 records
Expansion highlights5 records
Syncfy competitors and assessment
Company assessmentBroad incumbents
- MX Technologies: US-based open-finance platform providing data aggregation, financial insights, and connectivity to banks and credit providers via API. MX is comparable as an enterprise open-banking platform selling into financial institutions and fintechs, though its primary footprint remains North America.
- Plaid: Global open-finance data-aggregation and payments-orchestration platform serving thousands of fintechs, lenders, and enterprise software companies. Plaid is the broad incumbent reference point for Syncfy: it operates at much larger scale and capital base but covers similar API-driven open-data and payment use cases, and is expanding into LATAM.
- dLocal: LATAM-focused cross-border payments platform enabling global merchants to accept and disburse payments across emerging markets. While dLocal focuses on payments rather than open-data aggregation, it is comparable to Syncfy as a leading LATAM fintech infrastructure provider serving enterprise customers across the same geography.
- Mastercard Open Banking: Mastercard's open-banking business (incorporating Finicity and Aiia) offering account aggregation, identity verification, and payment initiation APIs globally. Mastercard is a deep-pocketed incumbent whose expansion into LATAM directly threatens Syncfy's positioning with regional banks and lenders.
- Visa Open Banking (Tink): Visa-owned open-banking platform (formerly Tink) providing PSD2-compliant account aggregation, payment initiation, and data enrichment across Europe and increasingly LATAM. Tink competes with Syncfy on API-based open-finance infrastructure backed by a global card-network balance sheet.
Regional players
- Yapily: European open-banking infrastructure provider offering account aggregation and payment initiation APIs across multiple European markets. Yapily serves the same developer and enterprise fintech segments as Syncfy but is geographically concentrated in Europe.
Direct peers
- Belvo: Latin American open-finance API platform providing bank account aggregation, payment initiation, and e-invoicing across Mexico, Brazil, and Colombia. Belvo is the closest direct competitor to Syncfy, operating in the same geography, with the same customer base of fintechs, lenders, and ERPs, and overlapping product suite (Open Banking + Payments).
- Finerio Connect: Mexico- and LATAM-focused open finance platform providing bank account aggregation, fiscal data, and personal finance management APIs. Finerio Connect directly overlaps Syncfy on Mexican open-banking aggregation and accounting/ERP integrations.
- Prometeo: LATAM open-banking API focused on cross-border data aggregation, account verification, and payment initiation primarily across Latin America. Prometeo competes head-to-head with Syncfy for the same developer, fintech, and ERP customers needing access to bank data across multiple LATAM countries.
Emerging players
- TrueLayer: European open-banking API provider offering bank aggregation, variable recurring payments, and payment initiation across the UK and EU. TrueLayer is comparable to Syncfy as a developer-first open-banking platform with similar API architecture, though its geographic footprint differs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Syncfy social profiles
Digital presenceSyncfy compliance and trust
Trust signalCompliance1 record
Syncfy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Syncfy leadership team
Management profileNumber of profiles
Profiles4 records
Syncfy funding detail
Funding detailFunding overview
Funding rounds1 record
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Syncfy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Syncfy
What does Syncfy do?
Syncfy is a RESTful API platform that provides open finance solutions integrating open data and payments, acting as a bridge connecting third-party applications with financial institutions and payment services across Latin America. The platform offers three core solutions: Open Data (financial and tax data aggregation from banks, digital wallets, and government authorities), Payments (card processing, POS terminals, payment links, and SPEI electronic transfers), and Stamping (24/7 electronic invoice stamping via multiple PACs with load balancing for CFDI compliance).
Is Syncfy a public or private company?
Syncfy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Syncfy founded?
Syncfy was founded in 2016. It employs 11 to 50 people.
Where is Syncfy based?
Syncfy is headquartered in Austin, United States, in the North America region.
How does Syncfy make money?
Four revenue lines are on record. API Access and Data Aggregation is the primary driver. The others are payment Processing, E-Invoice Stamping and data Plans and Billing.
Who are Syncfy's main competitors?
Broad incumbents on record are MX Technologies, Plaid, dLocal, Mastercard Open Banking and Visa Open Banking (Tink). Yapily is listed as a regional player. Direct peers are Belvo, Finerio Connect and Prometeo. TrueLayer is listed as an emerging player.
Does Syncfy have an API?
Yes. Syncfy is a RESTful API that provides open finance solutions integrating open data and payments. The API acts as a bridge connecting third-party solutions with financial institutions and payment services. It offers financial data aggregation (banking, credit/debit cards, digital wallets, tax authorities), electronic invoice stamping, and payment processing solutions. Features include secure HTTPS connections, TLS 1.2 and 1.3 encryption, webhooks for real-time data updates, API key authentication, and JSON data format for read-only transactional data. Developer documentation is at syncfy.com/w/en/sync/public/app/(section:docs/mx/sync/quickstart).
What industry is Syncfy in?
Syncfy's product category is Open Finance API Platform. Its primary akta.pro industry code is FSAGABAO, POS, SoftPOS & In-Person Acceptance Infrastructure, with a secondary code of BPAMAFAK, Cross-Border & FX Payments Platforms. Its NAICS code is 52232 and its SIC code is 7370.